Apple Set To Unveil Something 'Very Impressive' This Spring, Says Fitz-Gerald CIO: 'Reminds...Of The Lead-Up To The iPhone'

Fitz-Gerald Group CIO Keith Fitz-Gerald shared his optimism about Apple‘s (NASDAQ:AAPL) potential in the field of artificial intelligence (AI). He also hinted at a ” very impressive” release from the tech giant this spring.

Fitz-Gerald, in a conversation with host Stuart Varney on Fox Business on Monday, pointed out Apple’s strong market presence, high margins, and cash flow, and predicted a major product launch in the spring, akin to the iPhone’s revolutionary form factor change.

“It reminds me of the lead-up to the iPhone when they changed the form factor forever,” he stated.

The CIO said that they believed the announcement would be made at the developers’ conference.

When asked if he would be buying more Apple stock, the CIO responded affirmatively, stating that Apple is not lagging in AI as commonly believed. He also commended Apple’s “outrageous” margin and cash flows.