WWDC 2024 was a resounding success inside and outside of Apple. Its stock value hits a record high, thanks in large part to Apple Intelligence
Presentation of Apple Intelligence and all operating systems for Apple devices caused a new all-time high in Apple stock prices. In daily operations exceeded the $200 mark. Since those from Cupertino have been trading on the stock exchange, their share prices have been divided by 5 according to MacRumors. The last time it was at a ratio of 4 to 1 in 2020, when the pandemic was arriving. The stock price would be hovering above $45,000 if it hadn’t been split.
Apple with good stock market figures after WWDC 2024
Investors were waiting to see what Apple would present in terms of generative artificial intelligence. Many companies have already shown what they are capable of, Apple was the only one of the largest not yet present in this affair. Apple Intelligence brought in fresh air and that translated into stock values.
They currently have a market capitalization of $3.1 trillion., which places it in second place behind Microsoft. Among the most valuable companies in the world, Nvidia overtakes it by one place, which happened last week.
Craig Federighi with the Apple Intelligence summary
This is just one of the events that are poised to be a game-changer in these territories. Apple Intelligence was not released in the early betas of iOS 18, iPadOS 18 and macOS Sequoia. It is likely that until the second update which arrives in July with the public betas, we will be able to see the advances in AI materialize for the first time at Apple.
Apple Intelligence will remain in beta for some time. When Apple releases the final versions of its operating systems, Apple’s AI will continue to work on improvements and it won’t be until the fall that it will finally be released..
Apple Intelligence and its compatibility will be the key to its use
While it is true that one of the most important markets for Apple is its home country, the United States, it cannot leave other important regions aside. Currently, accessing services like ChatGPT in Spanish is completely normal. Apple must demonstrate that it adapts to trends as the competition has done, to do this it must offer support for its AI for Spanish within its devices. How long will it take after the WWDC launch for this to happen?
Apple Intelligence arrives on iOS 18 and iPadOS 18
The key is also that Apple Intelligence is a multi-year product updateaccording to Morgan Stanley strategists (via Market Screener).
They now classify it as “the most differentiated digital consumer agent” and will undoubtedly encourage users to update their iPhone. Remember that only the iPhone 15 Pro will be compatible with Apple Intelligence, in addition to all Macs and iPads equipped with the M1 chip.
How attractive will Apple devices now be with Apple Intelligence? In September, a new wave of iPhone 16 is about to arrive and we are sure that Apple’s AI will be further improved.
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