Apple has been performing strongly in the market, with its stock price reaching near all-time highs. As of October 21, 2024, Apple’s stock hit an all-time high closing price of $236.22.
New Product Lineup and AI Integration
Apple recently announced its latest product lineup, which showcases the company’s continued investment and integration of AI technology. The new iPhone 16, Apple Watch Series 10, and AirPods 4 feature enhanced AI-powered capabilities that set a new standard for privacy and intelligence in consumer electronics.
Apple Intelligence: A New AI Framework
The announcement of Apple Intelligence, the company’s latest AI framework, has been particularly well-received by the market. This new system promises to deliver advanced AI functionalities while prioritizing user privacy, a key focus area for Apple.
Financial Performance
Apple reported a record September quarter revenue of $94.9 billion, up 6% year over year, and a quarterly diluted earnings per share of $0.97. The company also declared a cash dividend of $0.25 per share, payable on November 14, 2024.
