Apple CEO Tim Cook boasts of future AI plans after earnings beat

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Apple CEO Tim Cook boasts of future AI plans after earnings beat

Yahoo Finance05-03

Apple (AAPL) CEO Tim Cook took time during the company's second quarter earnings call on Thursday to drum up excitement for the iPhone maker's upcoming generative AI offerings. In his remarks, Cook ...

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groundbreaking Apple silicon with our industry leading neural engine; and our unwavering focus on privacy,\" Cook said.Ahead of the call, Apple reported better than anticipated earnings and revenue, though iPhone sales fell about 10% year-over-year.Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California. . Read the latest financial and business news from Yah","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GOOGL":"谷歌A","TIMB":"TIM","META":"Meta Platforms","AAPL":"苹果","GOOG":"谷歌","MSFT":"微软"},"translate_title":"苹果首席执行官Tim Cook在盈利超过预期后吹嘘未来的人工智能计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"TIMB":1,"GOOG":0.9,"GOOGL":0.9,"META":0.9,"MSFT":0.9},"content_text":"Apple (AAPL) CEO Tim Cook took time during the company's second quarter earnings call on Thursday to drum up excitement for the iPhone maker's upcoming generative AI offerings.\nIn his remarks, Cook told listeners that the company is bullish about the opportunities generative AI has to offer and that it is making significant investments in the technology.\n\"We believe in the transformative power and promise of AI, and we believe we have advantages that will differentiate us in this new era including Apple's unique combination of seamless hardware, software, and services integration; groundbreaking Apple silicon with our industry leading neural engine; and our unwavering focus on privacy,\" Cook said.\nAhead of the call, Apple reported better than anticipated earnings and revenue, though iPhone sales fell about 10% year-over-year.\n\n\n\n  Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California. (Photo by Justin Sullivan/Getty Images)\n \n\n  Justin Sullivan via Getty Images\n \n\nApple will host its annual WWDC developer conference in June, which should serve as the launchpad for the company's generative AI ambitions. Analysts hope generative AI could kick off another iPhone sales supercycle. But, so far, the technology doesn't appear to be driving sales of competing smartphones from the likes of Samsung and Google.\nCook has been relatively tightlipped regarding Apple's generative AI plans, dropping small tidbits about the company's investments here and there. This is one of the first times he's come out so strongly about how Apple will set itself apart from its Big Tech rivals in the generative AI space.\nWall Street is waiting on tenterhooks for Apple's generative AI announcements. The company hasn't debuted any generative AI products since the technology exploded in popularity in late-2022. \nRivals including Amazon, Google, Meta, and Microsoft, meanwhile, have rolled out a series of generative AI capabilities and products including chatbots and search engine improvements. Microsoft, in particular, has added generative AI directly to Windows 11 via the Windows 11 Copilot.\nIf Apple's generative AI plans are going to live up to Wall Street's expectations, it will need to enable some kind of must-have features that users can't get on their existing devices. We'll find out what Apple's cooking up next month.\n\n\n\n   Subscribe to the Yahoo Finance Tech newsletter.\n  \n\n   Yahoo Finance\n  \n\nEmail Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.\nFor the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here.\nRead the latest financial and business news from Yahoo Finance.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}