In the pundit's view, the technology will inspire swarms of users to snap up the company's new smartphone line.

Apple faces increasingly strong headwinds in China, a pivotal battleground to drive the supercycle growth inflection. See why I maintain hold rating on AAPL.

Clearly, investors are betting that Apple's new AI iPhone will reinvigorate sales and lead to earnings growth. If you believe in this thesis, now could be a time to buy the stock. Because if sales keep stagnating, the stock will not do well starting at a P/E of 34. Perhaps this is why Warren Buffett is unloading his Apple position right now.