While acknowledging the product's unique combination of high-resolution display, relatively light weight, sub-$1,000 price point, and Meta's AI integration, Oppenheimer states the 67-gram weight remains "an uncomfortable burden for most" and the device is "still far from being able to challenge Apple's wearable device ecosystem." For deeper insights into Apple's valuation and comprehensive analysis, including 12+ additional ProTips, check out the detailed research available on InvestingPro. In other recent news, Apple is reportedly in discussions with suppliers to begin test production of foldable iPhones in Taiwan, with plans to mass produce these devices in India by 2026. Meanwhile, UBS has maintained its Neutral rating and a price target of $220 for Apple, citing mixed demand for the iPhone 17 lineup based on early preorder data.