Oppenheimer Reiterates Apple (AAPL) as "Perform" Despite Meta's Smart Glasses Launch

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Analysts Are Tracking Closely. On September 18, Oppenheimer reiterated the stock as “Perform”. The rating follows the launch of Meta’s Ray-Ban Display smart glasses. The firm reassured that Meta’s smart glasses are not a threat to Apple.

Meta’s $799 Ray-Ban Display features an in-lens display and an EMG wristband for gesture control. However, Oppenheimer contends that the innovation does not yet represent a significant challenge to Apple’s tightly integrated hardware ecosystem.

“The obvious questions for Apple investors are: 1) is Meta Ray-Ban Display a threat to Apple’s ecosystem around iPhone, AirPods, and Apple Watch? And 2) is Meta leapfrogging Apple in smart glasses design? Upon closer inspection of Ray-Ban Display’s specification and discussion with MR supply chain contacts, our answer to both questions is no.”

Apple is a technology company known for its consumer electronics, software, and services.

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