Apple Delays AI Features Post iOS 18 Overhaul, Impacting Stock Expectation

Apple Delays AI Features Post iOS 18 Overhaul, Impacting Stock Expectations

Ashiq Butt | July 29, 2024 | 10:09 PM IST | Tech | Follow on Google News

Apple Delays AI Features Post iOS 18 Overhaul, Impacting Stock Expectations

Apple Delays AI Features Post iOS 18 Overhaul, Impacting Stock Expectations

Key Highlights:

1. Apple’s new AI features may not debut until weeks after the September software update.
2. Apple Intelligence will be available to developers via betas but has a delayed public rollout.
3. The delay might affect investor confidence amid rising stock expectations linked to AI advancements.

Apple’s anticipated AI features are set for a later release than initially expected, potentially impacting stock performance and investor sentiment. According to Bloomberg, Apple may delay its new AI capabilities until weeks after its planned September software overhaul, which includes updates to iOS 18 and iPadOS 18.

This postponement could provide Apple with additional time to address any bugs in the new system. However, software developers will gain access to Apple Intelligence sooner through beta versions of iOS 18.1 and iPadOS 18.1.

This development follows Apple’s June announcement of iOS 18, which was enhanced by Apple Intelligence, and a partnership with OpenAI. These updates had generated significant excitement among investors, driving up Apple’s stock price this year.

The delay in releasing these AI features might dampen expectations for an AI-driven upgrade cycle that many had anticipated.

As Apple prepares to report its third-quarter earnings on Thursday, investors will closely monitor updates on the company’s AI initiatives and its performance in the Chinese market.

Concerns about declining sales in China have previously impacted Apple’s stock, though some analysts believe the third quarter may signal a recovery in demand.

The postponed AI features could disappoint investors, especially given the recent optimistic projections for Apple’s market capitalization, which some analysts believe could reach $4 trillion with the AI-enhanced iPhone 16.

Ashiq Butt

Ashiq Butt – is VoM News's senior staffer worked since year 2015 and he deals with correspondency and social media handles. Hailing from Doda's Marmat, Ashiq has strong grip over the collection of the data and it's compiling feature.