Investors pay close attention to tech company’s foray into AI after Apple Intelligence glitches and inaccuracies
Apple will report earnings for the first quarter of fiscal year 2025 after markets close Thursday. Analysts estimate that its quarterly revenue will be $124.39bn, year-over-year growth of roughly 4%, and that earnings per share will come in at $2.35.
Investors are paying close attention to the company’s forays into artificial intelligence, which have progressed at a slower pace than its competitors and received mixed reviews, particularly the debut of Apple Intelligence at the end of October. The AI-powered product, the company’s first using generative AI, was highly anticipated, but the tech has been riddled by inaccuracies and hallucinations.
About Author
More Stories
From the Beatles to biologics – how Liverpool became a life science hotspot
‘A neural fossil’: human ears try to move when listening, scientists say
All in the mind? The surprising truth about brain rot