Unexpected Shift In Apple's Strategy As 'Apple Intelligence' Launch Delays Promise To Revolutionize Tech As The Stock Climbs 13% Year-to-Date
Portfolio Pulse from Zaheer Anwari
Apple Inc. (NASDAQ:AAPL) has delayed the launch of its new AI features, Apple Intelligence, from September to October. The company aims to ensure stability and performance for these generative AI capabilities. Despite recent stock fluctuations, Apple has seen a 13% increase year-to-date. The Q3 earnings report on August 1 could significantly impact the stock price.
July 29, 2024 | 3:54 pm
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Apple has delayed the launch of its new AI features, Apple Intelligence, from September to October to ensure stability and performance. The stock has seen a 13% increase year-to-date, with a peak growth of 23% earlier in the year. The upcoming Q3 earnings report on August 1 could significantly impact the stock price.
The delay in the launch of Apple Intelligence indicates a focus on quality, which could be seen positively by investors. However, the stock has experienced recent declines, and the upcoming Q3 earnings report could either stabilize or further impact the stock price.
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