From Nasdaq: 2024-06-11 12:06:00

Apple introduced Apple Intelligence, an advanced personal intelligence system seamlessly integrated into iOS 18, iPadOS 18, and macOS Sequoia, promising enhanced user experience across iPhone, iPad, and Mac with robust language and image understanding. It prioritizes privacy through on-device models and Private Cloud Compute. Siri is upgraded with ChatGPT integration for detailed information and enhanced capabilities. In terms of communication, Apple Intelligence enhances the Mail app with features like Priority Messages and Smart Reply, streamlining email management. The system also offers advanced audio and image processing tools, with features like audio transcription in the Notes app and Image Playground for creating expressive images. The Photos app is improved for better search capabilities and object removal. Looking ahead, Apple’s competitive position in the AI space is expected to strengthen with the launch of Apple Intelligence, despite underperforming compared to peers like Alphabet, Microsoft, and Amazon. While its near-term prospects seem uncertain due to sluggish China sales and competition, investors may want to wait for a better entry point given the modest growth outlook. Apple’s stock is trading at a premium valuation compared to the industry median, with a forward 12-month P/E of 27.54X.



Read more at Nasdaq: Assessing Apple (AAPL) Stock Post Apple Intelligence Unveiling