Emphasizing Apple Inc.'s (AAPL, Financials) most recent iOS 18.2 update as according to expectations, Citi (C, Financials) analyst Atif Malik noted how the company's artificial intelligence capabilities are being developed. Malik maintained a "Buy" rating on Apple shares with a $255 target while citing optimism about the staggered delivery of Apple Intelligence capabilities. With most significant improvements yet to come, the analyst said that this approach sets the iPhone 16 and 17 refresh cycles apart from earlier models.
Malik also projected unit sales of 227 million, 246 million, and 253 million for fiscal years 2024, 2025, and 2026 correspondingly, therefore giving a favorable image of Apple's iPhone sales; artificial intelligence is predicted to increase consumer demand and Apple's premium smartphone competitiveness.
With iOS 18.2, Apple's most recent operating system, its artificial intelligence approach shows a significant change. Fresh features powered by ChatGPT from OpenAI, including Siri integration for advanced voice-command capability, are brought by the update.
Release of iOS 18.2 consists on many improvements aimed to increase efficiency and creativity. Among the programs are Genmoji, which let users create personalized emoticons, and Image Playground, which transforms word descriptions into images. The Photos app also has improvements in search capabilities and a "Clean Up" option for disposal of unwanted objects.
Six additional countries—Canada, Australia, the United Kingdom, and so on—have adopted Apple Intelligence, the company's own artificial intelligence tool. Future improvements should represent Apple's ongoing dedication in global markets as well as increase language support.
Working with Broadcom, Apple is creating an in-house server CPU dubbed "Baltra," which will let it to exceed iOS 18.2 in terms of artificial intelligence. Targeted to reduce reliance on Nvidia's (NVDA, Financials) technology, the chip is expected to mass-produce by 2026.
