Apple (NASDAQ: AAPL) shares have experienced a 5% decline in value this year, making some investors nervous. However, Wedbush analyst Dan Ives sees this dip as a potential buying opportunity. Maintaining a buy rating on the stock, Ives has set a near-term price target of $250 per share, which represents a 35% upside from the current value of $183.

The optimism around Apple's future is largely tied to the anticipated success of its new product, the Vision Pro headset. Described as a "revolutionary spatial computer," analysts expect the device to reach 1 million unit sales by 2025. This positive outlook is supported by Apple's strong revenue performance due to the iPhone 15 in the previous quarter, with a reported revenue of $119 billion.

Ives believes that the Vision Pro headset, Apple's first major computing product since the Apple Watch, could serve as a significant growth catalyst for the tech giant. Forecasting sales of 600,000 units in 2024 and 1 million units in 2025, the analyst's projections align with those of Bank of America analyst Wamsi Mohan, who expects 4 million unit sales in 2026.

However, while the release of the Vision Pro headset presents promising opportunities for Apple, the current high forward price-to-earnings ratio of 28 and the device's hefty price tag of $3,499 could pose challenges. Nonetheless, given Apple's track record of successfully introducing innovative products that resonate with consumers, analysts remain optimistic about the company's long-term prospects.

Investors are advised to carefully consider their options before investing in Apple stock. The Motley Fool Stock Advisor team has identified alternative stocks with potential for significant returns. With Apple poised for further product innovations, the tech giant's future in the market remains intriguing.