I'll be happy if Apple gets its mojo back with these "intelliphones" but just reading the article, I'm not convinced. It may well be fantastic but I figure it's got a low barrier of entry for competitors.
Now the Apple Vision Pro on the other hand ... I know it seems to be losing momentum but if they can get the price (and killer software apps) down from $3,500 to $950, they may have something big e.g. instead of stock buybacks, spend the cash hoard and lower the price to $950 and make it a loss leader until there's critical mass/acceptance.
Apple is getting a once-in-a-decade secret weapon in AI-enabled ‘intelliphones.’ Bank of America sees its stock surging 20%
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Apple is about to get a new secret weapon that could lead to some juicy returns for investors: AI-focused phones. Bank of America analysts call them “IntelliPhones,” and in a Wednesday note, they argued that these high-powered devices will be an entirely new breed compared to the current raft of smartphones.
Senior equity research analyst Wamsi Mohan and his team described a future where phones will need far more computing power in order to handle the daily use of “AI agents” that will help with everything from booking travel and real-time translation to scheduling and tutoring. For Apple and its installed base of over 2.2 billion active smartphones, that means a massive opportunity to sell customers on the latest and greatest AI tech.
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IntelliPhones are set to offer a new experience for consumers that smartphones won’t be able to compete with, including augmented and virtual reality experiences, health monitoring, and more, according to BofA’s analysts. “As AI technology evolves the gap between IntelliPhones and traditional smartphones is likely to widen further by offering even more sophisticated and personalized functions driving the desire to upgrade,” they wrote.
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Currently in Asia. I see the Chinese smartphone stores everywhere, tempted to get a budget model just to see how it works but unsure if it'll work back in the US.