2023-08-02 15:12:16
Em a new publication on the Medium platformthe famous analyst Ming-Chi Kuo stated that there is no sign that the Apple will launch a technology generative artificial intelligence in 2024. This possibility, it is worth remembering, was even aired by journalist Mark Gurman (from Bloomberg), which even said that the company would already be using a kind of “AppleGPT” internally.
According to Kuo, Apple is unlikely to talk too much about this type of technology in its next investor call, when it will reveal its latest financial results. This caution, according to the analyst, is precisely because the company’s efforts with generative AI systems are still being “significantly behind its competitors”.
The preview of how Apple’s earnings report on August 3 will affect Apple stocks and the supply chainhttps://t.co/yb55UYVd3b
— Ming-Chi Kuo (@mingchikuo) August 2, 2023
The preview of how Apple’s August 3rd financial results report will affect the company’s stock and supply chain.
It is precisely for this reason that Kuo also does not believe that Apple will integrate some generative AI resource into its products as early as 2024. Therefore, investors should not expect, at least for now, that this type of technology will have any impact on the price of actions of the company or in its production chain.
Although he said that the company planned to make some announcement related to this matter next year, Gurman was very clear that Apple still did not have a well-defined plan to embark on the AI world for good. Another possibility is that Apple announces something next year, but only releases this product to the general public from 2025 onwards.
Financial results
When giving his predictions about the financial results of the Cupertino giant, Kuo explained that the second quarter of the year is usually a period of “off-season”, that is, of transition between the current line of iPhones and the next one. Therefore, the numbers for this period of the year do not usually attract the attention of investors.
Even so, it is possible that we will see some increase in the value of Apple’s shares, depending on the performance of its services and if the company has managed to reduce its production costs. The Vision Pro, in turn, should not have a big impact, as delivery forecasts for the headset in 2024 remain low.
Apple will reveal financial results for its fiscal 2023 third quarter tomorrow (Thursday, August 3), with full coverage of the MacMagazine.
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