AI Could Be Apple’s Next Chapter

After Nvidia added $750 billion in value this year on the backs of surging AI chip demand, investors are quickly searching for the next trillion-dollar AI winner. AI is the best investment opportunity of our lifetimes, and although Apple (AAPL) has been relatively overlooked as an AI play, the tech giant could quickly become a force to be reckoned with in the AI space. The reason for this is simple, Apple (AAPL) can bring AI to the consumer’s pocket by the billions, and is rumored to be sitting on one of the best AI models on the market today with comparable performance as OpenAI’s ChatGPT.

Two Billion Devices to Lever AI

Apple’s installed active device base surpassed 2 billion in February this year, and “reached an all-time high in every geographic segment” at the end of the June quarter, according to comments from CFO Luca Maestri. The iPhone’s installed base also “grew to a new all-time high,” and is estimated to have nearly 1.5 billion active devices worldwide, after adding around 500 million active devices since 2019 – an 11.4% CAGR since then.