Apple hints at major AI reveal, softens stance on EU dev fee after $23.6 billion quarterly profit

Published on:

One thing to sit up for: Apple simply dropped a number of main hints about its AI ambitions, suggesting some tantalizing developments are brewing in Cupertino. CEO Tim Cook dinner was feeling fairly bullish about Apple’s AI prospects on the corporate’s Q2 2024 earnings name, proclaiming that the corporate has “benefits that may differentiate us on this new period.”

To date, the generative AI panorama has been dominated by the likes of OpenAI, Google, and Microsoft. However Cook dinner name-dropped Apple’s unified {hardware}/software program integration, highly effective chips with superior neural engines for on-device AI processing, and the corporate’s privacy-first method as differentiators.

“We proceed to really feel very bullish about our alternative in generative AI. We’re making vital investments and we’re wanting ahead to sharing some very thrilling issues with our prospects quickly,” stated the CEO on the earnings name.

- Advertisement -

Rumors recommend Apple’s preliminary AI options will run regionally on-device quite than contacting the cloud, giving them a privateness benefit over cloud-based choices. However pulling that off would require critical silicon muscle, which is the place Apple’s upcoming M4 chip seemingly comes into play.

Mark Gurman at Bloomberg says there’s an opportunity we’ll see the M4 debut as early as subsequent week in new iPad Professional fashions. That launch would line up with Cook dinner’s tease of “an thrilling product announcement subsequent week” on the earnings name.

The CEO additionally revealed Apple may have “an unbelievable Worldwide Builders Convention subsequent month,” so we could get extra particulars on the AI entrance at WWDC in June.

- Advertisement -
See also  Apple shelved the idea of integrating Meta’s AI models over privacy concerns, report says

General, Apple had a good Q2 2024 regardless of the financial headwinds with income hitting $90.8 billion. And whereas iPhone gross sales slipped, companies shattered data at $23.9 billion in income. Apple’s more and more recurring income from subscriptions, apps, and cloud companies is proving to be a rock in turbulent instances.

Web revenue of $23.6 billion translated to $1.53 per diluted share. Apple additionally juiced its dividend by a penny to $0.25 per share and licensed $110 billion for share buybacks to maintain rewarding buyers.

In different information this week, Apple made some changes to the brand new 30% Core Expertise Payment it not too long ago launched for builders within the EU. Free, non-monetized apps shall be absolutely exempt from the controversial charge going ahead. Apple can also be giving smaller builders with underneath €10 million in annual income a three-year grace interval earlier than they’ve to start out paying.

It is a prudent transfer to attempt to quell among the criticism across the charge, which has been labeled because the “Apple tax” by detractors. Whether or not it is going to be sufficient to get regulators and builders off the corporate’s again stays to be seen.

- Advertisment -

Related

- Advertisment -

Leave a Reply

Please enter your comment!
Please enter your name here