In what was seen as a move to catch up with Alphabet's Google and Microsoft-backed OpenAI, the iPad maker last month unveiled Apple Intelligence, luring...
FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York
Apple's shares, which have jumped nearly 20% this year, rose to $235.37 before the bell, giving the company a market value of about $3.6 trillion, the highest in the world.The new technology is compatible with only 8% of iPhone and iPad devices and Apple has 1.3 billion units of smartphones currently in use by customers, the analysts said, adding that the company could sell nearly 500 million iPhones over the next two years.
Industry analysts expect Samsung and Apple to lead the charge in global smartphone market recovery this year given the buzz around GenAI-enabled smartphones. Cathie Wood's investment fund, Ark Invest sold at least $4.5 million worth of Nvidia stock this year, per The Wall Street Journal. Investors are buying individual stocks at a record pace as market-beating bets dwindle to lowest ever
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