Morgan Stanley analyst Erik Woodring says Apple (AAPL) has “quietly” leveraged some of its greatest successes as well as notable setbacks, such as Project Titan, to create a dedicated robotics unit designed to make Apple “a major player in the world of Physical AI.” With the first Apple Robot likely coming as soon as 2027, the firm says its “conservative estimate” pinning Apple Robotics as a $130B revenue opportunity by 2040, or 30% of Apple’s revenue base today, could account for at least 10%, but up to 25%, of Apple’s current share price. The firm has an Overweight rating and $305 price target on Apple shares.
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