FMP
Jun 11, 2024 5:23 PM - Davit Kirakosyan
Apple (NASDAQ:AAPL) announced a partnership with OpenAI to integrate ChatGPT into its products. Unveiled at Apple’s annual developers conference, the partnership aims to bolster Apple's AI capabilities amidst growing enthusiasm for the technology. Investors had speculated about new AI features, with Apple perceived as trailing behind tech rivals like Amazon, and Alphabet.
CEO Tim Cook introduced the "Apple Intelligence" system, intended to enhance Siri and provide personalized offerings, calling it the company’s "next big step." This collaboration with Microsoft-backed OpenAI will allow Siri to interface with ChatGPT, with user permission. Analysts at Oppenheimer predict that the advanced AI features will necessitate the latest iPhone models, potentially driving a significant upgrade cycle in the U.S. and EU by fall 2024.
Alongside the AI advancements, Apple introduced a customizable Control Center on its iOS 18 platform, a new password tracking app, RCS messaging compatibility, and iPhone mirroring on Mac laptops.
KeyBanc analysts noted that while consumers will eventually upgrade, many will delay to save money due to a lack of compelling new features. Third Bridge analysts questioned Apple's strategy for monetizing Apple Intelligence, despite anticipated consumer interest. Bernstein analysts warned the partnership might initially reduce revenue due to potential revenue-sharing agreements and a shift from traditional search queries. UBS analysts commented that the absence of a groundbreaking AI product could negatively impact near-term iPhone demand and investor sentiment.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...