As generative artificial intelligence (AI) works its way into our laptops, tablets, smartphones, watches and even lapel pins, we may very well have the “killer” new feature to convince consumers to upgrade their hardware. Whether new, capable “IntelliPhones” spark a red-hot supercycle (or a lukewarm refresh cycle) remains a big question on the minds of investors, specifically those hanging onto shares of Apple (NASDAQ: AAPL ).
Apple's success still depends on the relevance of the iPhone. Going forward, services will become an increasingly important part of the business.
Apple Inc APPL is working on an overhaul of one of its products that could completely change the way a lot of the world engages with artificial intelligence, according to Deepwater Asset Management's Gene Munster.
Bloomberg reported a 52% increase in iPhone shipments in China last month, which further boosted Apple's share performance.
Apple's Worldwide Developers Conference next week will shed light on whether the iPhone maker's artificial intelligence status is indeed up to par with its more in-vogue Silicon Valley peers, JPMorgan analysts argued in a Tuesday note, as investors eagerly await what some paint as the next major event to drive slumping iPhone sales.
Berkshire Hathaway sold 13% of its Apple stake in the first quarter. Apple has underperformed the market so far this year.
While the other members of the ‘Magnificent Seven,' barring Tesla (NASDAQ: TSLA), have been on a surge in 2024, managing to increase their valuation significantly, Apple (NASDAQ: AAPL) just recently managed to trade in the green for this year.
Apple and Nvidia have major events on the way. The tech giants' upcoming developments could provide nice catalysts for their stocks.
The Q1 earnings season is now largely behind us, with more than 480 S&P 500 companies already delivering quarterly results. Technology companies contributed significantly to the growth pace, and the same is expected for Q2; earnings and revenue for the sector are currently expected to be up +14.4% and +9.3%, respectively.
General Motors has promoted two former Apple executives to run its software and services operations as it ramps up efforts to develop and market electric, autonomous and connected vehicles.
Apple (AAPL) is set to hold its annual Worldwide Developer's Conference (WWDC) keynote on June 10, kicking off the five-day event, with investors likely to be watching for any updates on the company's artificial intelligence (AI) game plan.
Apple (NASDAQ: AAPL ) starts its Worldwide Developer Conference on June 10. Investors should expect volatility in Apple stock.