Apple Will Make Billions From AI in These 2 Ways. Is It Time to Buy the Stock?
Written by Chris Neiger for The Motley Fool -> Millions of people could buy new iPhones over the next couple of years to gain access to Siri's new AI features. New AI features could boost Apple's annual services revenue by an estimated $20 billion in the coming years. Apple (N
Millions of people could buy new iPhones over the next couple of years to gain access to Siri's new AI features.
New AI features could boost Apple's annual services revenue by an estimated $20 billion in the coming years.
Apple (NASDAQ: AAPL) unveiled its much-anticipated Siri update at its recent Worldwide Developers Conference, and it's a big deal for the company.
The new Siri AI, as Apple is calling it, can remember your past conversations, search through users' photos, messages, and email, and understand what you're looking at on your screen. It also offers a more conversational interface ( like ChatGPT ).
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Investors had a mixed reaction to the news: Apple shares climbed on the day of the launch, then dropped again the next day.
But despite the market's uncertainty, there are two important ways Apple is setting itself up to make billions of dollars from Siri AI. And this upgrade may be important enough to justify investors picking up some Apple stock right now.
The first way Apple will likely make billions of dollars from Siri AI is by only making the new features available for more recent models -- the ones that already support its previous Apple Intelligence tools. Those start with the iPhone 15 Pro, iPhone 15 Pro Max, as well as all iPhone 16s and 17s, the iPhone Air, and upcoming models.
