Apple's Quiet AI Revolution
Dear Readers,
In our February analysis, we highlighted Apple's potentially surprising strategy and reported that the company was undervalued at $165, predicting a that the stock would hit $210 by the time of the WWDC and reaching $300 within 12 months.
The initial milestone has been achieved just as we predicted, and today's report goes into the roadmap towards the second target.
As we detailed previously, Apple's strategy hinges on leveraging existing models developed by other companies, with an emphasis on deployment and enhancing user experience. In this vein, Apple is focusing its efforts on controlling aspects of ecosystem that will drive the experience. As we had reported from unnamed resources, Apple had been building capacity for AI on the edge. This was confirmed with the announcement of Private Cloud Compute in June. While Apple is emphasizing privacy, we believe the bigger goal is in ensuring a lock-in of developers building AI apps for its ecosystem, lowering latency, and improving cost to serve.
For this report, we consulted a range of sources including former Apple employees, investors, and seasoned observers of the company.
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Key Highlights of the Apple's Strategy:
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