Reported about 1 year ago
Harvest Portfolio Management co-chief investment officer and Wall Street Beats partner Paul Meeks comments on Apple's AI announcements at its WWDC, describing them as 'table stakes' that might sell more iPhones but may not significantly excite investors. Meeks is skeptical about whether these advancements will boost the iPhone upgrade cycle and highlights the ongoing investments in AI infrastructure. He questions if the AI apps will be distinctive enough to drive significant growth, emphasizing the importance of revenue acceleration for Apple amidst a lack of recent revenue growth. Meeks' insights provide a critical perspective on Apple's latest initiatives and their potential impact on the company's performance in the market.
Source: YAHOO