Apple $AAPL has just become the second company in history to reach a $5 trillion market valuation. Before it, only NVIDIA $NVDA had achieved that milestone. And there's an interesting twist behind the iPhone maker's rise. Â It got here despite being widely seen, for much of the past few years, as one of the big tech companies lagging behind in the AI race. While Microsoft $MSFT, Google $GOOGL, and NVIDIA $NVDA competed for AI leadership, Apple $AAPL seemed to be moving at a slower pace. Â But there's a difference between being behind and being out of the game. With Gemini now integrated into the Apple $AAPL ecosystem and a new generation of intelligent products on the way, the market is beginning to see AI as another growth engine for the company. Â Apple $AAPL may not need to build the world's best artificial intelligence model. It simply needs to bring AI into the iPhone, Mac, Apple Watch, AirPods, and the services used every day by billions of people. Â In technology, the company that arrives first doesn't always win. Sometimes, the winner is the one that has already built the best path to bring innovation to consumers. As Steve Jobs once said, the strategy is to "wait for the next big thing."
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5 Comments
Scott S@scottsinvesting · 6d
Investors have been dissing Tim Cook since Steve Jobs' hand picked him to be his successor and all he's done is deliver for shareholders time and time again... As you likely know, Tim will be handing the CEO reign to John Ternus on September 1st. I hope Apple throws Tim a party for the ages because he certainly deserves it for what he's done IMO.
Alexey @a1exey · 6d
Yes, the financial numbers are impressive but unfortunately Apple lost its leading technological positions. Don’t forget losing tons of money on questionable projects. I hope the new leadership will return the company to the innovations leaders.
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