Apple Hints at AI Announcements for WWDC 2024, But Investors Skeptical of Revenue Impact
• Apple CEO Tim Cook hinted at major AI announcements coming at WWDC 2024, but investors are skeptical of impact on revenues
• Analyst predicts Apple's "personalized AI" service could generate $33B in highly profitable subscription revenue if adopted by 20% of active users
• Article notes investors often underestimate stickiness of Apple's ecosystems long-term, comparing to Meta and TikTok situations
• Apple aggressively marketing existing features as "AI" ahead of expected generative AI product launches
• Expectations high for iOS 18 AI features, but unlikely to impress Wall Street unless major advancements in generative AI space