Apple Sees AI, Enterprise Growth Despite iPhone Struggles in China and Europe
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Apple is working on AI and machine learning projects under the name "GenAI", but did not share details as developments are still early stage
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Enterprise customers like Walmart and SAP are integrating Apple's new Vision Pro headset launching this week into workflows
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New EU regulations are negatively impacting iPhone security, reliability and usability features specifically in that market
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Apple saw strong iPhone sales growth in emerging markets like India and Turkey, offsetting declines in China
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Despite iPhone sales drops in China, Apple remains optimistic about long-term opportunities there given strong 2023 performance