Apple's shares rose 2% following a positive forecast hinting at an iPhone sales recovery, highlighting potential growth despite AI competition and challenges in China. The company expects revenue growth in the low- to mid-single digits this quarter, driven by software updates such as ChatGPT integration.
The middle class is riddled with debt, shrinking, so I have no clue who is rushing for a new phone. Maybe I’m turning old, but I have almost no reason to upgrade, unless there’s forced obsolescence or something.