00:00Apple stock just shot up 2%, adding a massive $81 billion to its market value.
00:05But why? Is the iPhone finally making a comeback? Stay tuned to find out.
00:11Apple's latest forecast suggests iPhone demand is picking up despite fierce competition
00:16and a slow rollout of its AI features. Investors were worried, but Apple flipped the script.
00:22The iPhone 16 launched without many AI upgrades
00:25is now seeing stronger sales thanks to updates like ChatGPT integration.
00:30Meanwhile, rivals like Microsoft and Google are going all-in on AI,
00:35while Apple is playing it smart using AI to sell more devices instead of spending billions on
00:40research. But there's trouble in China. Apple's sales dropped 11% there last quarter, and competition
00:46from Huawei is heating up. The good news? Government stimulus in China could help Apple
00:51turn things around. With analysts raising price targets and Apple stock up 30% last year,
00:57is this the start of a major comeback? Or will China's market challenges slow things down?
Comments