Apple Users Hungry For AI: Tim Cook Says 'iOS 18.1 Has Twice The Adoption Rate Of 17.1' — What It Means For iPhone 16
Portfolio Pulse from Ananya Gairola
Apple's CEO Tim Cook announced that the adoption rate of iOS 18.1 is twice that of iOS 17.1, driven by strong interest in the iPhone 16 and its new Apple Intelligence feature. Despite supply constraints, Apple reported a fiscal fourth-quarter revenue of $94.9 billion, surpassing analyst expectations. However, Apple shares fell 1.86% in after-hours trading.
November 01, 2024 | 3:08 am
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Apple's iOS 18.1 adoption rate is twice that of iOS 17.1, driven by the iPhone 16 and its new Apple Intelligence feature. Despite supply constraints, Apple exceeded Q4 revenue expectations but faced a share price decline.
The high adoption rate of iOS 18.1 indicates strong consumer interest in Apple's new products, particularly the iPhone 16. However, supply constraints and a recent share price decline suggest short-term challenges. Despite exceeding revenue expectations, the stock's negative price action indicates investor concerns.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100