Apple CEO Declares New Chapter in AI Play, Stock Dips 1.8%

Quick Summary:

Apple stock fell 1.8% by the closing bell after financial results showed modest increases in company sales for the year.

Several tech giants, including Google and Microsoft, have announced plans to incorporate AI models into their products this year as competition in the sector heats up.

Investors, however, were not convinced.Apple stock fell 1.8% to $225.91 by the closing bell.

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Article Details

Author / Journalist: Peter Saalfield

Category: Crypto

Markets: EstoniaIreland

Topics: Earnings AI Earnings call Business Apple Artificial intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 00:21:03 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23358797

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 21 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #63

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