Apple Inc (NASDAQ:AAPL, ETR:APC) remains a “top pick” for analysts at Bank of America who expect the introduction of AI phones, known as IntelliPhones, to spur a once-in-a-decade upgrade event. “With an installed base of over 4 billion smartphones, we see the opportunity for the next upgrade cycle to be a once-in-a-decade type of event,” they wrote.
Apple iPhone unit sales are soft and underperforming the total smartphone market in the key regions of China and the U.S.
UBS Research analyst David Vogt noted that iPhone units were down almost 20% in China in April. Apple is “not out of the woods yet,” he wrote.
Reports indicate that Apple's iPhone sales in China have soared in recent months.
Apple has underperformed its big tech peers lately. Revenue declined in its most recent quarter because of weak iPhone sales.
Japanese Prime Minister Fumio Kishida held a video conference with Apple CEO Tim Cook on Thursday and they agreed to put Japan's "My Number" identification card functions onto iPhones, Japan's top government spokesperson said.
Just a decade after being valued at less than 2% of Apple, artificial intelligence sweetheart Nvidia is within striking distance of surpassing the iPhone maker as the world's second-most valuable company, and even Microsoft as the largest company on earth, a remarkable rise for a chip designer with a small consumer-facing footprint.
As Apple gears up for WWDC, its highly anticipated annual developers conference on June 10, the tech giant is poised to unveil artificial intelligence (AI) integration across its entire product line. With the invites now sent out, the stage is set for Apple to showcase its AI plans.
The broader stock market seems to have flatlined over the past few weeks. Undoubtedly, the summer season could see more sideways action as many of us begin to “tune out” for some much-needed time off.
In the days following the Justice Department's sweeping antitrust case against Apple Inc., a handful of new consumer lawsuits have accused the iPhone maker of monopolizing the smartphone market.
Payments companies Nexi , Stripe and Adyen have started offering businesses in Italy a way to accept payments from customers that relies on Apple's iPhones, they said on Wednesday.
Wall Street expects the company to provide a big AI update on June 10.