Part 4/8:
Ben Baharin, a prominent analyst, articulated that while AI features like ChatGPT might not solely drive iPhone sales, they contribute to greater overall device utility, potentially enticing upgrades. However, the anticipated “super cycle” of sales hinges more on hardware changes rather than software innovations.
Additionally, companies like Oracle are benefiting from a heightened focus on AI, with significant growth in cloud infrastructure revenue, indicating the expanding role of technology companies in driving business efficiencies and modernizing legacy systems.