Apple's stock reached a record high after receiving praise for their AI efforts.

From The Financial Express.: 2024-07-16 01:02:29

Apple’s shares surged 2.5% to a new high after Morgan Stanley praised their AI efforts, naming them a top pick. Apple Intelligence aims to boost device sales, with analysts predicting potential sales of 500 million iPhones in the next two years.

Samsung and Apple are predicted to lead the smartphone market recovery this year with the rise of GenAI-enabled smartphones. Although Apple sold 45.2 million smartphones in the last quarter, their market share decreased to 15.8% from 16.6% a year earlier, as per IDC data.



Read more at The Financial Express.: Apple stock hits all-time high