NYTIMES (Kalley Huang) - Apple Unveils the iPhone Duo, a Foldable Phone That Costs $1,999
At the company’s annual September product event, Apple also demonstrated its work on artificial intelligence and other new devices.
At the company’s annual September product event, Apple also demonstrated its work on artificial intelligence and other new devices.
The Apple event announcement of a first-ever foldable iPhone was widely expected by observers.
For the company’s new artificial intelligence system to take off, it will need plenty of support from the makers of popular apps on Apple’s phones.
For better or worse, Tim Cook's legacy is likely to be determined by something we don't really know the answer to yet: the company's bet to build its AI strategy partly around other companies' models. Why it matters: In the short term, the move could save substantial sums compared with building and operating a frontier-model business of its own, but it's left Apple dependent on Google for some of its most important AI capabilities. Driving the news: As John Ternus officially takes over today as Apple CEO, much of the analysis of Cook's tenure has focused on his record. - On the positive side, he has more than quadrupled annual revenue and grown Apple's market capitalization by an even higher amount, to more than $4 trillion. - And he…
Data: Financial Modeling Prep; Chart: Erin Davis/Axios Visuals Apple CEO Tim Cook hands the reins over to John Ternus Tuesday, stepping down after 15 years of running the company. Why it matters: He had an epic run. By the numbers: When Cook took over in August 2011, Apple's stock was trading at $13.35. It closed at $316.61 on Monday. Zoom in: That 2,272% gain easily outpaced the growth of the major stock indexes. - The company's market cap — the value of all its outstanding shares — is now $4.7 trillion, up from $347 billion in 2011. - Stunning stat: Under Cook, Apple's market cap grew by $32 million an hour for 15 years, Bank of America calculated last month. The big picture: Cook's big innovation was taking the company from its…
Apple hinted Thursday that heavy users of its revamped Siri may have to pay for access. Why it matters: It's the first time that Apple has confirmed it will charge for the new AI -powered voice assistant. What they're saying: In a conference call to discuss Apple's most recent quarterly earnings , CEO Tim Cook said Apple is still developing its plan to address the higher computing costs that will come with the improved voice assistant. - "We do believe there will be people that want to use it a lot, and so we will have some kind of upgrade possibilities on iCloud+," Cook said during a call to discuss Apple's most recent quarterly earnings . - Apple has also said that users will need a paid iCloud subscription to take advantage of a new…
Apple is finally delivering the conversational and context-aware AI that it promised two years ago . Its rivals have already moved on to agents. Why it matters: OpenAI, Anthropic, Google and other AI companies are pushing beyond chatbots toward agentic tools that can write code, search through complex file structures, use apps and handle workplace tasks. Driving the news: At its annual developers conference Monday, Apple announced that its long-delayed Siri overhaul will arrive this fall, built through Apple's partnership with Google . - Apple says its new conversational assistant is "profoundly more capable" and includes greater "personal context understanding" that can surface relevant information from texts, emails, photos, and more.…
At its annual developers' conference, Apple put the spotlight on new AI features, while highlighting security and child safety — and critiquing the company's AI competitors.
For the second time, the company is expected to explain its artificial intelligence plans. Unlike some rivals, it is not reorganizing around the technology.
Some iPhone owners will be eligible to receive $25 to $95 over claims that the tech giant oversold its artificial intelligence system, Apple Intelligence.