Needham Says Apple's Biggest Long-Term Risk Is Meta or Another AI-First Competitor Building an Agent and...

Needham says $AAPL's biggest long-term risk is $META or another AI-first competitor building an agent and hardware ecosystem that disintermediates the iPhone.
"META's primary goal has been to replace Apple's consumer platform with its own. META is developing products that directly attack AAPL's core business, we believe," Needham said.