Apple Introduces New iPhones with A.I. Features

Published On Sep 9, 2024, 3:00 AM

Apple is set to unveil new iPhones that will feature advanced A.I. capabilities, namely a system called Apple Intelligence which enhances message sorting, writing suggestions, and an upgraded Siri powered by generative A.I. This marks Apple's strategic pivot towards A.I. after observing competitors like Microsoft and Google incorporate A.I. in their products. The company aims to rejuvenate the iPhone's appeal, seeing A.I. as a critical area of growth, to the extent that it shifted resources from a separate $10 billion self-driving car project to focus on these A.I. developments. Investors are watching closely as Apple seeks to reassure the market about A.I.'s relevance and utility following concerns voiced by the industry regarding previous A.I. functionalities in other tech products.

Read full article

Stock Forecasts

AAPLView AAPL chart on TradingView

Positive

With Apple introducing A.I. capabilities that enhance user interaction and productivity, the launch could reinvigorate interest in the iPhone. Given Apple's history of successfully entering late into markets, this venture could positively impact sales and market share.

Related News

Nancy Tengler encourages investors to have a ‘longer-term perspective’ on Magnificent 7 stocks | Fox Business Video

Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'

AAPL
MSFT
NVDA

Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China

Oct 11, 2024, 2:24 AM

Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.

AAPL

China detains iPhone maker workers in 'strange' case

Oct 11, 2024, 12:20 AM

The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.

AAPL