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Apple goes all-in on AI to overcome iPhone slump

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In Q3, Apple reported a drop in iPhone sales, leading to a sales slump that is expected to continue into the current quarter.

Despite beating Wall Street’s sales and profit targets for the fiscal third quarter, Apple’s shares fell about 2% due to weaker-than-expected iPhone sales. The company’s services segment performed well, driven by Apple TV+ and strong sales in China.

Apple’s next big product, the Vision Pro mixed-reality headset announced in June, is yet to reach consumers, adding to the pressure as the iPhone battles against Android rivals in a mature market.

In response to the competitive landscape and the need for innovation, Apple’s CEO Tim Cook revealed an increase in research and development (R&D) spending, primarily focusing on generative artificial intelligence. This field is also driving spending at other major technology companies. The company is researching a wide range of AI technologies and plans to integrate AI features into its products, including real-time voicemail transcription for iPhones starting this autumn.

While iPhone sales in China outperformed the overall market decline, Apple’s sales forecast for the fiscal fourth quarter is below analyst expectations. The services segment and wearables business, including Apple Watch and AirPods, continue to be bright spots for the company.

Despite challenges in the smartphone market, Apple remains committed to innovation and product enrichment with the integration of AI technologies into its offerings. Investors are now closely watching for potential announcements related to the Vision Pro mixed-reality headset and other AI-related developments during the earnings call.

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Boeing face delivery delays following guilty criminal charge plea

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Boeing’s deliveries are down after months of controversy, is it because they can’t make the planes, or because airlines right now don’t want them?

Boeing has agreed to plead guilty to a charge of conspiracy to defraud the United States in connection with the investigation into two fatal crashes involving its 737 MAX aircraft.

Boeing reported a significant 27% decrease in deliveries for June compared to the same month last year, possibly attributing the decrease to the companies ongoing controversies.

Aviation expert Geoffrey Thomas joins to discuss. #featured

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Blockchain sparks a transformative influence in Australia

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Professor unveils blockchain’s role in transforming the economy and innovative projects taking place at RMIT University.

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, BTC Markets CEO Caroline Bowler interviews Professor Chris Berg, Director of RMIT Digital3 and Co-Founder of the Blockchain Innovation Hub at RMIT University. They discuss RMIT’s cutting-edge projects and the transformative impact of blockchain technology in Australia.

Professor Berg shares insights into RMIT’s Digital3 philosophy, which combines research, innovation, and collaboration to drive the digital economy. Learn about groundbreaking initiatives in blockchain, cyber security, and AI, and how these disruptive technologies are reshaping business, government, and society.

Discover how RMIT is leading the charge in rethinking and regenerating the way we work through world-class research and tailored education, offering a glimpse into the future of technology and its potential to benefit both the economy and society. #crypto corner

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From $25K to $1.5M in real estate: expert unveils game-changing strategy for investors

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Empower your property investing with these key tips

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Dean Fraser, Founder and CEO of BrickFloor. #trending #wyld money

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