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Apple focuses on smart homes and foldables
Apple has announced its readiness to launch a series of new and upgraded devices, including smart home products such as thermostats and doorbells, as well as a touch screen MacBook and an upgraded iPad Mini. Additionally, pre-orders have opened for the foldable iPhone Diu, which represents the most significant change in the company's phone design. This move comes at a time when Apple’s stock remains steady without significant gains, despite rising by 25% since the start of the year and trading at more than 35 times the expected profits for the upcoming year—its highest ratio since 2007. Analysts expect that the new products may face challenges related to weak demand and rising inflation, with a decline in component orders for some iPhone models and slowed growth in future revenues. However, some remain optimistic about the company's strategies, particularly its investments in artificial intelligence technologies, to maintain its high valuation in the markets over the long term.
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