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Nauman Khan

BofA Just Sent a Warning Shot for Apple Investors

Apple BofA Meta Services Wamsi Mohan Bank of America AAPL

Apple (AAPL) investors just got an important reality check. AAPL stock has delivered a strong run so far in 2026, but Bank of America is warning that the next major threat may not come from weaker iPhone demand. Instead, it could come from the way people use their phones.

BofA analyst Wamsi Mohan recently highlighted Meta Platforms' (META) new Muse artificial intelligence (AI) agent as a potential threat to Apple’s Services business. Muse can search for products, complete tasks, and handle transactions inside the AI experience, potentially reducing the role of operating systems and app stores in the process.

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