By news@appleinsider.com (Andrew Orr) During the earnings call, CEO Tim Cook dodged as many questions as he answered about Apple’s AI plans, but did share some insights into the company’s philosophies about the approach.Apple’s Tim Cook teases AI ambitions in latest earnings callWhile Apple has consistently integrated AI into its devices and services, it has yet to unveil a flagship generative AI product or large language model. In statements on Thursday, Cook make it clear that Apple already uses artificial intelligence in products now.He didn’t detail where — but that’s been made clear over the years. But, for example, FaceID uses neural networks to securely recognize a user’s face, even as their appearance changes over time, by processing and learning from various facial angles and features. Similarly, Apple Music employs machine learning algorithms to analyze users’ listening habits and preferences to offer personalized playlists and song recommendations. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Wesley Hilliard) During the Apple earnings call, Apple CEO Tim Cook shared that half of Fortune 100 companies have purchased Apple Vision Pro units.Apple Vision Pro is making a splash in enterpriseApple Vision Pro is the first spatial computer from Apple and has proven to be a controversial entry in the product lineup. It launched in February 2024, and very little has been shared about how it is selling.There isn’t a line item in Apple’s earnings for Apple Vision Pro, but CEO Tim Cook shared a tidbit of interest during the Q2 earnings call. He said Apple Vision Pro has been purchased by half of Fortune 100 companies. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (William Gallagher) Apple stock was having a tough year after some early gains — until investors erased the loss after Thursday’s earnings report.Apple’s share price has risen following its latest earnings reportInvestment firm Bernstein was right when it told clients to buy Apple stock because it was at an attractive low price. At the close of trading on Thursday, Apple’s shares were at $173.03In aftermarket trading, they have increased. A lot. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Andrew Orr) Ahead of Apple’s second-quarter earnings call, CEO Tim Cook addressed the ongoing antitrust lawsuit filed by the US Department of Justice, calling it “misguided.”Tim Cook dismisses DOJ claims as “misguided”Apple’s second-quarter earnings, which surpassed Wall Street predictions, highlight the company’s financial strength and resilience. In the same breath, CEO Tim Cook addressed the ongoing antitrust lawsuit filed by the US Department of Justice (DOJ), dismissing it as misguided and affirming it’s not a distraction for Apple.”I think the case is misguided, and we’re going to fight it,” Cook said in a comment to CNBC. ” It’s my job to make sure it doesn’t become a distraction. And so, you know, if you look at what they’re trying to do, is essentially use the law to define how we design products. And that shouldn’t be like that.” Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Wesley Hilliard) After revealing Apple’s Q2 earnings, CEO Tim Cook shared he “feels great” about China due to beating expectations in a competitive environment.iPhone doing well in China despite shrinking marketApple earned $90.8 billion in the March quarter, beating Wall Street estimates. The company saw an 8% sales drop year-over-year in China, but despite the drop, it was less severe than initially expected.The iPhone has struggled to see much growth in China due to increased competition from premium smartphone vendors. However, things were going to be much worse, and Apple CEO Tim Cook told CNBC in a live TV segment that he’s focused on the long term. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (William Gallagher) Alongside disclosing its earnings for Q2 2024, Apple also announced that it is increasing the dividend it pays to shareholders by 4%, and is also buying back more stock in one program than ever before.Apple ParkDuring its quarterly earnings report, Apple’s CFO Luca Maestri described “very high levels of customer satisfaction and loyalty,” as reasons for undertaking the company’s largest-ever stock buyback.”Given our confidence in Apple’s future and the value we see in our stock,” he said in a statement, “our Board has authorized an additional $110 billion for share repurchases.” Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Malcolm Owen) Apple has released its financial results for the Q2 2024 quarter, with earnings beating predictions despite China iPhone fears.Apple CEO Tim CookFollowing after the improved Q1 2024 results, Apple has issued its Q2 results. Typically the second quarter figures are lower than Q1 and its high quarterly sales.The figures were released on Tuesday, ahead of the customary analyst and investor conference call. During the call, CEO Tim Cook and CFO Luca Maestri are expected to expand on the figures and comments made in the results release. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Malcolm Owen) The unannounced Beats Pill has made another public appearance. This time, it’s caught in the hand of F1 racing driver Daniel Ricciardo.A Beats Pill-like speaker carried by Daniel Ricciardo [Instagram/F1]Beats is in the middle of updating its personal audio lineup, including its Beats Solo 4 and Beats Solo Buds. So far, it has yet to announce a speaker, but celebrity leaks are continuing to flow.A shot posted to the official F1 Instagram account shows racing driver Daniel Ricciardo in Miami holding a Beats speaker by a connected cord. The shot clearly shows the Beats logo in the middle of a speaker that looks like the well-known Pill series. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Malcolm Owen) The HomePod is having an issue understanding the simple query “What time is it?” right now. Apple will probably fix it soon.You can’t ask Siri what time it is on HomePod for the momentUsers of Siri know that there are many basic queries that could be asked, which result in straightforward results. One common query is to ask Siri the time, which is helpful if the user can’t see a clock nearby.However, social media users started to report on Tuesday that asking Siri for the time was coming up with a completely different answer on HomePod. In many cases, Siri seems to believe that users want to know about a web result. Continue Reading on AppleInsider | Discuss on our Forums
By news@appleinsider.com (Amber Neely) Apple has debuted new Apple Pay promotions ahead of Mother’s Day, offering a handful of discounts on flowers, chocolates, jewelry, and more.Save on Mother’s Day with Apple PayMother’s Day 2024 falls on Sunday, May 12, so it’s time to make sure you’ve snagged a gift that will really wow that special mom in your life.For the fashion-forward mom, you can take 20% off a purchase of $125 or more with the promo code APPLEPAY at Ann Taylor. Continue Reading on AppleInsider | Discuss on our Forums
