According to Dan Ives, managing director of Wedbush Securities, Apple's (NASDAQ: AAPL) recent share price decline provides a buying opportunity as the iPhone maker will eventually introduce artificial intelligence that could bring upside potential.。Ives said the fall in Apple's share price was mainly due to concerns about slowing sales in China, which is also a major headwind in the near term.。

"We've been in this situation before, but obviously it's been tough days for China," Ives added.。However, he noted that this is a "buying opportunity" and expects Apple to be able to withstand short-term difficulties.。

Ives also sees the possibility of Apple's AI application, which has become a hot topic in the tech industry。

Ives wrote on social media: "For the past 15 years, it has been wrong to bet against Apple, the key lies in gold installations, rock-solid services, a backlog of iPhone upgrades and the imminent entry of artificial intelligence into Cupertino, so we remain strongly bullish on Apple.。"

Slowing sales in China have been a major pain point for Apple over the past year, as the country's consumer spending has slowed, the government has banned its personnel from using Apple products for official purposes, and Apple's AI-related products and features lag behind its competitors.。In 2024, Apple shares fell about 12%, while the Nasdaq composite index rose 6.2%。

Earlier in the day, Wedbush analysts said in a note that they remain optimistic about Apple, rating it "outperform" with a price target of $250, up nearly 40 percent from current levels.。