Forget the AI Headlines: Apple's First Foldable iPhone Could Be the Stock's Biggest Catalyst in Years
The tech giant's next hardware cycle, not its new Siri AI, may be the bigger story heading into the fall.
Forget the AI Headlines: Apple's First Foldable iPhone Could Be the Stock's Biggest Catalyst in Years
Overview
Most of the recent conversation around Apple (NASDAQ: AAPL) has centered on artificial intelligence (AI). At its annual developers conference this week, the tech giant walked through a long-awaited overhaul of its Siri voice assistant and its broader Apple Intelligence AI features -- and investors weren't especially impressed. After touching an all-time high of about $317 earlier this month, shares have eased back to around $291 as of this writing.
But for a company worth about $4.3 trillion, where the iPhone still brings in about half of all revenue, the more important near-term question may have little to do with AI. It could come down to hardware -- and specifically, whether Apple can keep its current upgrade wave going while adding something genuinely new to the lineup.
Details
There's reason to think it can.
Source
Originally published at www.fool.com.
