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Apple is projected to report modest revenue growth due to delays in AI features and fierce competition from Chinese smartphone manufacturers. The iPhone 16 series launched without significant AI capabilities, impacting demand during the holiday season. Analysts note that Apple's market share has declined, particularly in China, where competition is intensifying.
The company's struggles with AI were underscored by the recent withdrawal of a flawed news-summarizing tool. As Apple navigates these challenges, its competitors, including Google and Samsung, are leveraging AI to enhance their devices. The overall economic environment, including a stronger dollar, further complicates Apple's ability to meet sales expectations.
• Apple's AI feature delays impact iPhone demand during the holiday season.
• Chinese competition has significantly reduced Apple's market share in China.
AI refers to the simulation of human intelligence in machines, which Apple is currently lagging in.
Market share indicates the percentage of an industry or market's total sales that is earned by a particular company.
An AI tool is a software application that uses artificial intelligence to perform tasks, such as the news-summarizing tool Apple had to withdraw.
Apple is a leading technology company that develops consumer electronics and software, facing challenges in AI integration.
Google is a major player in AI development, competing with Apple in enhancing device capabilities.
Samsung leverages AI to improve its product offerings, intensifying competition with Apple.
Huawei is a Chinese smartphone manufacturer that poses a significant competitive threat to Apple in the market.
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