Apple stock is currently facing challenges in integrating artificial intelligence (AI) capabilities.
Wedbush analyst Daniel Ives believes that Apple's long-term potential remains intact.
The recent delay in the rollout of AI updates for Siri has caused disappointment and lowered expectations for iPhone sales.
Despite the challenges, Ives considers the selloff of Apple stock to be overdone and estimates that Apple will sell around 225-230 million iPhones in the current fiscal year.