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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotia - Apple's plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.
Apple earlier this year lost the crown of the world's most valuable company to Microsoft and its market value now stands at $2.68 trillion after the decline in its share price in 2024. Analysts believe such an AI integration could drive demand for the next iPhone series, expected to be announced in the fall.
"Replacement cycle tailwinds and incremental generative AI features set up Apple well for a strong iPhone 16 cycle," Bernstein analyst Toni Sacconaghi said this week, upgrading his rating on the company's shares to"outperform" from"market-perform". After initial enthusiasm, there have been signs that demand slowed for the $3,500 device, with an analyst saying this month that Apple has pulled back its production estimates for the mixed-reality headset.
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