Apple Telecom News: iPhone Launch and AI Growth Anticipated in 2024
Apple's Revenue Surge in 2024
Apple's global revenues are projected to leap beyond the $400 billion benchmark for the first time in 2024. This tremendous growth is spearheaded by
- iPhone
- iPad
- Mac
- Watch
- AirPods
According to Counterpoint Research, hardware revenue is anticipated to grow by 3% year-on-year in 2024, particularly buoyed by new product launches.
AI's Role in Apple's Future
The focus on artificial intelligence (AI) and the promise of
Apple Intelligenceis creating waves of excitement. With services set to grow significantly, analysts predict a robust future trajectory for Apple's financial performance.
Shifting Trends in Apple Services
Despite the growth in hardware, the services segment is becoming crucial, projected to exceed $100 billion in revenue by 2025, bolstered by new AI offerings. Nevertheless, Bloomberg reports layoffs in the services division, indicating a shift in focus.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.