Wall Street is reportedly growing impatient with the pace of Apple's artificial intelligence efforts. Apple has not been transparent about its strategy, while its competitors have announced plans for new AI-centered data centers and devices, CNBC reported Wednesday (July 30).
Apple analysts are starting to wonder how much time the company has to find an AI strategy before consumers rethink their iPhone purchases. OpenAI's May acquisition of Jony Ive's startup IO for $6.5 billion put added pressure on Apple.
Apple is trying to bring machine learning to Motor City. The smartphone giant opened its Apple Manufacturing Academy in Detroit on Tuesday to offer free workshops on artificial intelligence and advanced manufacturing to small and medium-sized businesses.
For young, growth-focused investors, perhaps dividend growth stocks are a better pick-up at current levels, especially as the red-hot AI stocks consider their next moves going into the turbulent month of September.
Apple's position among the Mag 7 is weakening, with recent underperformance compared to peers. Although Apple's dominance in hardware remains strong, it is under question whether the company can resume a brisker growth pace. As tariffs and AI-strategy uncertainties face the company, I am rebalancing my portfolio, trimming Apple, and buying two other stocks.
US and China officials discussed the terms of extending their tariff pause, but President Trump's approval is needed to make it official. We break down key takeaways from the meeting in Stockholm, Sweden between the two nations.
Is Apple preparing to introduce an entirely new iPhone design? A foldable version of the company's flagship smartphone could arrive next fall, CNBC reported Tuesday (July 29), citing an analysis by JPMorgan.
Spain's competition watchdog is expanding its investigation into Apple's App Store. The Comisión Nacional de los Mercados y la Competencia (CNMC) announced Tuesday (July 29) that it would widen the parameters of a probe launched last year into the conditions the tech giant places on developers.
Apple's third-quarter fiscal 2025 results are expected to reflect continuing Services and Mac growth.
Spain's competition watchdog said Tuesday that it had broadened a probe opened last year into the conditions Apple imposes on developers of mobile applications sold on its App Store.
The manufacturing program will train businesses in AI and new production techniques.
It's the first store in China that Apple has been forced to shut down since opening its flagship store in the country in 2008.