Apple touts new iPhone, AI tools
Investors appeared not to be impressed by Apple's new product lineup, where the highly anticipated iPhone 16 — along with the tech giant's integration of artificial intelligence features over the next few months — served as the centerpiece. The refreshed phone has a faster A18 processor, a vertical camera layout and a new camera control button. Meanwhile, its AI software, dubbed Apple Intelligence, will help users summarize content, provide writing and transcription tools, allow users to create custom emojis and search video. Updates will start to roll out in the U.S. next month.
- Prices for the iPhone 16 start at $799 and go up to $1,199 for the Pro Max.
- New iPhone shipments are expected to rise 5% in the next fiscal year, Bloomberg Intelligence reports, but Apple's AI ambitions are "still not fully baked," and its most promising AI features, including ChatGPT, have yet to be unveiled.
- Apple is also leaning harder into healthcare features: Apple Watch is adding sleep apnea detection, while saying its new AirPods 2 can be used as clinical-grade hearing aids, with FDA approval expected "soon."