Apple (AAPL) reported the results for the third quarter, with revenue beating estimates as earnings per share (EPS) fell short. D.A. Davidson managing director Gil Luria joins Asking for a Trend Host Josh Lipton to discuss the results and why he’s bullish on the iPhone maker.

“Apple hasn't really grown iPhone sales for the last three years. Expectations now are that it can actually grow at 5% to 10% for a variety of reasons, but really, the important one is Apple Intelligence,” Luria says.

The analyst notes that the artificial intelligence (AI) features are key to Apple’s growth. He says “if they can't roll out these Apple Intelligence features in a timely way, if consumers don't have as positive experience as my early experience [with Apple Intelligence] has been, then it's going to be harder to compel people to upgrade even if there is an aging phone base.”

Watch the video above for more on Luria's read on Apple’s third quarter results, including sales in the China region, what the company needs to do to ease investors’ worries, and more.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Naomi Buchanan.