Weaker iPhone sales from Apple (AAPL) is a warning that puts the hardware's "supercycle" at risk, according to William Kerwin. William has a $200 price target on expectations that Apple will have an "increasingly difficult time" to grow in a maturing smartphone market. Will Rhind isn't as bearish, pointing out the company's record revenue and service revenue numbers. He also notes DeepSeek shows potential for Apple to spend less on A.I.