15 Important AI News and Ratings on Investors’ Radar

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2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company. Recently, the company has had underwhelming upgrades and competitors that have led the iPhone maker to lose market share in the final quarter of 2024. Bloomberg cited research by Counterpoint Research data, stating how the iPhone’s market share slipped a point to 18% worldwide in 2024. As per the research, the company marked a 2% sales decline for the full year, while the wider market grew 4% globally.

On the other hand, Android device makers from China, led by Xiaomi Corp. and Vivo, have been gaining strength in the region. Since Apple’s new artificial intelligence suite isn’t available in China, the lack of AI availability has hindered its performance in the region. The company is currently striving to partner up with local players to provide features such as AI writing assistance and image generation. Nevertheless, Apple’s AI hasn’t been all the rage, either.

“Apple’s iPhone 16 series was met with a mixed response, partly due to a lack of availability of Apple Intelligence at launch. However, Apple continued to grow strongly in its noncore markets like Latin America”.

– Counterpoint director Tarun Pathak.

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