Apple warns investors that future AI and VR products may not match iPhone profit levels.

Apple has cautioned investors that future products, particularly in artificial intelligence and virtual reality, may not achieve the same profit levels as the iPhone. In its latest annual report, the company highlighted potential risks, including geopolitical tensions and safety concerns linked to AI. Despite strong margins from its smartphone and services business, Apple recognizes the need for new revenue sources as competition intensifies.

November 05, 2024
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