iPhone 16 demand driven by AI induces Wedbush to hike Apple stock target
Investment firm Wedbush is bullish on Apple AI and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025.
Investment firm Wedbush is bullish on Apple AI and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025.
Google and OpenAI have announced significant updates for their AI models and features, creating more competition for Apple ahead of WWDC.
Rumors suggest Google is looking to offer premium generative AI features just as Apple is allegedly planning an AI App Store for iOS 18.
WWDC 2024 is just a few months away, and the company is gearing up to discuss artificial intelligence — but one key Apple-made feature may not make its debut in iOS 18.
An analyst note suggests licensing Gemini from Google while developing proprietary private local models could give Apple an advantage in the AI race.
An analyst note suggests regulation from the EU and the $2 billion fine may put pressure on Apple's earnings per share, but its shift to AI will help keep the earnings multiple even at about 25x.
Artificial intelligence is the industry buzzword these days, and while Apple is remaining tight-lipped on the subject, CEO Tim Cook promises it's an integral part of its products.
Apple has boosted its budget for developing artificial intelligence, emphasizing creating conversational chatbot features for Siri — allegedly spending millions of dollars daily on research and development.
Apple spent $22.61 billion on research and development through 2023, and CEO Tim Cook confirmed beyond a shadow of a doubt that part of that expenditure is because the company is working on generative AI.
{{ summary }}