Apple's new Apple Intelligence features could prompt many users to upgrade their older models, potentially driving a major sales Supercycle. Despite higher PE ratios (34X vs. pre-pandemic 15x), Apple's valuation reflects strong fundamentals and growing service revenue. Increased R&D spending, especially on AI and VR, could yield long-term benefits, but investors might want to continue watching the impact on profitability.
Apple gets an observer role on OpenAI's board as part of the companies' partnership, per Bloomberg. The arrangement raises Apple to Microsoft's level within the AI startup, according to the outlet.
Apple will get an observer role on OpenAI's board as part of a landmark AI agreement announced last month, Bloomberg News reported on Tuesday.
The former senior Apple lawyer who avoided prison time after pleading guilty to insider trading must pay a $1.15 million fine in a related U.S. Securities and Exchange Commission civil case, a federal judge ruled on Tuesday.
Apple's artificial intelligence plans may hold a key to the company's upbeat expectations.
Apple stock continues to march higher, this time on AI hype. But are shares worth it?
If Apple Intelligence is "good enough," it shows a path to AI inference outside Nvidia's chips.
Creating long-term wealth in the stock market is fundamentally simple: Pick a time-tested strategy, stick to it, sell your losers and ride out the winners, be patient and keep investing. It sounds relatively simple and it is but the question of which long haul stocks are likely to create wealth still arises.
The dollar index, a gauge of strength against a basket of five peers, has advanced more than 4% this year.
Apple's aggressive discounting campaign in China apparently did not prevent it from losing market share. The tech giant ended May with 11% of the Chinese smartphone market, even as iPhone sales climbed 0.9% year over year, Seeking Alpha reported Monday (July 1), citing findings from investment firm UBS.
Most of Apple's revenue comes from the sale of hardware, but another segment is growing faster and is more profitable. Apple's ecosystem is a key factor contributing to its success.
The iPhone-maker is reportedly planning to bring its artificial intelligence technology to the headset, but not this year.