Latest news with #TedMortonson
Yahoo
4 days ago
- Business
- Yahoo
Apple is about to announce updates to how we use the iPhone and its other devices
Major Apple announcements from its annual developers conference the past two years heralded big changes — which, so far, have largely fallen flat. This year, the tech company badly needs to deliver a win. Apple's weeklong Worldwide Developers Conference, teased with the tagline 'on the horizon,' kicks off with a keynote at 1 pm ET on Monday from its headquarters in Cupertino, California. The annual event is where the company announces updates to the software that runs on billions of Apple devices used worldwide. The iPhone maker is expected to announce relatively modest updates to its Apple Intelligence suite of AI features, such as new translation capabilities, as well as changes that will affect iPhones, AirPods, Apple Watches and more. The big announcements of the prior two years — the Vision Pro headset and Apple Intelligence AI tools — failed to live up to the hype. Although Apple tried to sell its headset as the future of computing, the Vision Pro remains an expensive, niche product since hitting shelves last year. Apple Intelligence features, widely seen as reactive to competitors' offerings, were slow to reach devices after the iPhone 16 launch, and the AI-enhanced Siri heralded at last year's WWDC has been delayed indefinitely. In the meantime, rivals have surged ahead on AI. Google, for example, announced a flurry of updates last month, including more advanced AI search, shopping and productivity capabilities. And steep AI competition aside, Apple is still having a rough year, with ongoing slow iPhone sales growth and a trade war threatening to force the company to raise prices. The iPhone maker has a large installed base — that is, people using its products, which currently totals more than 2 billion active devices. That means even if Apple isn't first to roll out a software innovation, loads of people will still use wind up using their version. But after having delayed the launch of its AI-enhanced Siri, some skeptics worry that consumers could start to look toward other companies' devices for more powerful AI features. 'Say you're an influencer and you pick up a Samsung phone or a (Google Pixel) phone and say, 'I'm done with my Apple phone. This is real AI and I love it,'' Baird Managing Director Ted Mortonson told CNN. 'That's what Apple risks, that iOS displacement and people saying it's no longer cool.' The company will likely announce updates to its 'Apple Intelligence' system, but most industry watchers believe it remains behind rivals. Apple's updated AI capabilities are likely to be 'at least equivalent' to earlier versions of OpenAI's ChatGPT, Forrester senior analyst Andrew Cornwall said in emailed commentary. Here are some of the major updates Apple is rumored to be announcing at WWDC on Monday. An AirPods update is expected to enable live translation for in-person conversations, according to Bloomberg's Mark Gurman. If an English-speaking user were having a conversation with someone speaking a different language, the AirPods would automatically translate their partner's words into their ears, according to the report. Then, the users' iPhone would translate the user's English speech back into the other language. The offering could make AirPods more competitive with rival products, such as Google's Pixel Buds or Meta's Ray-Ban smart glasses, which already enabled live translation. Automatic translation is also coming to messages, along with support for conducting polls within the messages app, Apple blog 9to5Mac reports. The pressure is on for Apple to prove that Apple Intelligence justifies buying a new iPhone or Mac. Based on reports, Apple will likely build on what it announced last year rather than previewing massive new AI updates. Among the biggest updates Apple is expected to make is opening its AI models to third-party developers, so users could soon see apps built on the iPhone maker's AI technology. For consumers, the biggest AI-related changes could be a new feature that uses AI to preserve battery life and an AI-powered health coach, Forrester vice president and principal analyst Thomas Husson wrote ahead of the event. Bloomberg has also previously reported that Apple is working on both features. That AI-powered 'battery management' feature would reportedly adjust how much power apps can draw based on device owners' usage trends. Such a tool could be especially useful in the slimmer, iPhone 'Air' model that Apple is rumored to be releasing later this year, which would likely have a less powerful battery. Gurman reported that the new health app and AI health coach — said to be called Project Mulberry inside Apple — would collect data from across users' iPhone, Watch and other devices and use that information to make personalized health recommendations. The company has reportedly brought in health experts to film videos about various conditions, which could be shown to users based on the recommendation of the AI health agent. Apple typically previews software updates in June before releasing the final versions widely in the fall, usually coinciding with new hardware product launches. Rumor has it that Apple's operating system will get a new look. The effort, reportedly dubbed Solarium internally, includes more glassy, translucent windows and notifications that let background images peek through, similar to how windows on the Vision Pro display let users' natural surroundings show through. That could provoke mixed reactions from iPhone owners, said Carolina Milanesi, president and principal analyst at tech analysis firm Creative Strategies. 'Consumers are creatures of habit,' she said. 'And change is always resisted before it's embraced.' And while the name of Apple's latest operating system release typically goes up by one each year (i.e. iOS 17 to iOS 18), Monday's software update is expected to jump to iOS 26 on Monday, and ditto for the Mac, iPad, Apple Watch, TV and Vision Pro operating systems, Gurman reported last month. The change could bring the OS naming convention in line with the year in which customers will be using it. The version announced on Monday will be live on Apple devices from September 2025 through September 2026. It would also create consistency across all of Apple's devices, which currently have different operating system version numbers — for example, macOS 15 and watchOS 11 — because they were released in different years.
Egypt Independent
4 days ago
- Business
- Egypt Independent
Apple is about to announce updates to how we use the iPhone and its other devices
New York CNN — Major Apple announcements from its annual developers conference the past two years heralded big changes — which, so far, have largely fallen flat. This year, the tech company badly needs to deliver a win. Apple's weeklong Worldwide Developers Conference, teased with the tagline 'on the horizon,' kicks off with a keynote at 1 pm ET on Monday from its headquarters in Cupertino, California. The annual event is where the company announces updates to the software that runs on billions of Apple devices used worldwide. The iPhone maker is expected to announce relatively modest updates to its Apple Intelligence suite of AI features, such as new translation capabilities, as well as changes that will affect iPhones, AirPods, Apple Watches and more. The big announcements of the prior two years — the Vision Pro headset and Apple Intelligence AI tools — failed to live up to the hype. Although Apple tried to sell its headset as the future of computing, the Vision Pro remains an expensive, niche product since hitting shelves last year. Apple Intelligence features, widely seen as reactive to competitors' offerings, were slow to reach devices after the iPhone 16 launch, and the AI-enhanced Siri heralded at last year's WWDC has been delayed indefinitely. In the meantime, rivals have surged ahead on AI. Google, for example, announced a flurry of updates last month, including more advanced AI search, shopping and productivity capabilities. And steep AI competition aside, Apple is still having a rough year, with ongoing slow iPhone sales growth and a trade war threatening to force the company to raise prices. The iPhone maker has a large installed base — that is, people using its products, which currently totals more than 2 billion active devices. That means even if Apple isn't first to roll out a software innovation, loads of people will still use wind up using their version. But after having delayed the launch of its AI-enhanced Siri, some skeptics worry that consumers could start to look toward other companies' devices for more powerful AI features. 'Say you're an influencer and you pick up a Samsung phone or a (Google Pixel) phone and say, 'I'm done with my Apple phone. This is real AI and I love it,'' Baird Managing Director Ted Mortonson told CNN. 'That's what Apple risks, that iOS displacement and people saying it's no longer cool.' The company will likely announce updates to its 'Apple Intelligence' system, but most industry watchers believe it remains behind rivals. Apple's updated AI capabilities are likely to be 'at least equivalent' to earlier versions of OpenAI's ChatGPT, Forrester senior analyst Andrew Cornwall said in emailed commentary. Here are some of the major updates Apple is rumored to be announcing at WWDC on Monday. Live Translation for AirPods An AirPods update is expected to enable live translation for in-person conversations, according to Bloomberg's Mark Gurman. If an English-speaking user were having a conversation with someone speaking a different language, the AirPods would automatically translate their partner's words into their ears, according to the report. Then, the users' iPhone would translate the user's English speech back into the other language. The offering could make AirPods more competitive with rival products, such as Google's Pixel Buds or Meta's Ray-Ban smart glasses, which already enabled live translation. Automatic translation is also coming to messages, along with support for conducting polls within the messages app, Apple blog 9to5Mac reports. The pressure is on for Apple to prove that Apple Intelligence justifies buying a new iPhone or Mac. Based on reports, Apple will likely build on what it announced last year rather than previewing massive new AI updates. Among the biggest updates Apple is expected to make is opening its AI models to third-party developers, so users could soon see apps built on the iPhone maker's AI technology. For consumers, the biggest AI-related changes could be a new feature that uses AI to preserve battery life and an AI-powered health coach, Forrester vice president and principal analyst Thomas Husson wrote ahead of the event. Bloomberg has also previously reported that Apple is working on both features. That AI-powered 'battery management' feature would reportedly adjust how much power apps can draw based on device owners' usage trends. Such a tool could be especially useful in the slimmer, iPhone 'Air' model that Apple is rumored to be releasing later this year, which would likely have a less powerful battery. Gurman reported that the new health app and AI health coach — said to be called Project Mulberry inside Apple — would collect data from across users' iPhone, Watch and other devices and use that information to make personalized health recommendations. The company has reportedly brought in health experts to film videos about various conditions, which could be shown to users based on the recommendation of the AI health agent. Apple typically previews software updates in June before releasing the final versions widely in the fall, usually coinciding with new hardware product launches. A new look for… iOS 26? Rumor has it that Apple's operating system will get a new look. The effort, reportedly dubbed Solarium internally, includes more glassy, translucent windows and notifications that let background images peek through, similar to how windows on the Vision Pro display let users' natural surroundings show through. That could provoke mixed reactions from iPhone owners, said Carolina Milanesi, president and principal analyst at tech analysis firm Creative Strategies. 'Consumers are creatures of habit,' she said. 'And change is always resisted before it's embraced.' And while the name of Apple's latest operating system release typically goes up by one each year (i.e. iOS 17 to iOS 18), Monday's software update is expected to jump to iOS 26 on Monday, and ditto for the Mac, iPad, Apple Watch, TV and Vision Pro operating systems, Gurman reported last month. The change could bring the OS naming convention in line with the year in which customers will be using it. The version announced on Monday will be live on Apple devices from September 2025 through September 2026. It would also create consistency across all of Apple's devices, which currently have different operating system version numbers — for example, macOS 15 and watchOS 11 — because they were released in different years.
Yahoo
02-06-2025
- Business
- Yahoo
Don't expect 2025 to be the peak of AI spending
There have been concerns that spending on artificial intelligence (AI) will start hitting its peak soon. But Baird tech strategist Ted Mortonson disagrees. Find out why in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. skeptics said, who have been on the show, and said 2025 could be kind of the high watermark of AI spend. This is it. This is the peak. I think I disagree with that because I go back to the national security issue. Every single country, Europe is in trouble right now. They're four or five years behind us in Gen AI. If I was a minister or head of the EU, this is going to be a national security issue and how they defend themselves. Because uh, if you look at uh, Palenteer, you look at Anduril, uh, all these next generation companies are using software and Gen AI is the new weapon. And I think if you look at these sovereign uh, data centers that have to be built, maybe not what people are really focused on right now. Well, and Ted, you know, and by the way, you're speaking from experience here in terms of national security. You were a naval aviator, you served with the joint chiefs as well. So you know whereof you speak. I I want to come back to the Middle East and just to to leave it here. What is the risk though that another administration comes in and says that relationship is a national security threat. It's always a risk. You can't. This is like playing chess on four levels. You just don't know which level to play on. Uh, I don't have any insights on that, but it you have to deal with the facts we're given right now, and he opened up the kimono. So the genie's out of the bottle. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Don't expect 2025 to be the peak of AI spending
There have been concerns that spending on artificial intelligence (AI) will start hitting its peak soon. But Baird tech strategist Ted Mortonson disagrees. Find out why in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
The dot-com bubble popped 25 years ago. Here's what market pros say they learned.
The Nasdaq's recent decline has raised fears of a sharp unwind in tech stocks following years of AI hype. It's drummed up comparisons to the dot-com bubble, which dragged the Nasdaq down 78% when it popped in 2000. Market pros tell BI there are important lessons from 2000 that investors should think about in 2025. It's been 25 years since the dot-com crash, and investors are again navigating concerns of a tech bubble reaching unsustainable levels. The Nasdaq Composite peaked on March 10, 2000 and the subsequent unwind would last nearly three years, taking the tech-heavy index down 78% at its low in October 2002. Fast-forward 25 years and investors are wondering whether the advent of artificial intelligence has catapulted markets back into bubble territory. With the Nasdaq down 13% in the last month, the recent stock sell-off has some investors wondering if this is the beginning of a much longer and more painful correction after years of bullish exuberance. Sound familiar? Here's what investors and strategists told Business Insider about some of the hard-learned lessons from the dot-com crash. Whether you're looking at the Dutch tulip bubble of the 1630s or the Japanese real estate bubble of the 1980s, all market cycles undergo the same phases that investors should be aware of. Ted Mortonson, managing director and technology specialist at Baird, told BI those distinct phases include overexuberance, complacency, concern/fear, panic, and capitulation. "Until each phase of the cycle is experienced, bottoms cannot occur," Mortonson said. Mortonson estimates that the current market cycle is in the concern/fear zone, suggesting that there is more downside ahead. "We will sell off materially in early April on growth deceleration fears," Mortonson said, adding that first-quarter earnings results will be riddled with misses and lowered guidance amid ongoing uncertainty around President Donald Trump's trade policies. According to Giuseppe Sette, president at Reflexivity, stock valuations should be closely monitored by investors. The forward price-to-earnings ratio of the S&P 500 peaked at about 24x in 2000. It recently approached those levels but quickly retreated, topping out at about 23x in 2021 and then again earlier this year. "The dot-com bubble and 2021 together show that 23x-24x forward P/E is as much as the market is able to sustain," Sette told BI via email. "Every time you see 22.5x P/E, a drawdown is near." While the current stock market isn't riddled with profitless companies like it was in 2000, it does have its fair share of firms trading at extreme valuations — but it also has significant profits to back up those valuations. A good example is Nvidia, the poster child of the AI boom. The chip titan has grown its net income by 788% since 2023 and is trading at a slight discount to the S&P 500 despite it being on track to grow its revenue by 75% this year. While stock market valuations can get out of hand, it's usually for a good reason. The internet's promise proved to be real, and the same will probably be true for artificial intelligence, according to Sette. "The dot-com bubble was 'right' about the promise of tech, only the bubble came 10-15 years too early. Now the tech is actually here," Sette said. "In a matter of 1.5 years, we had an explosion of AI capabilities, and their progress is only accelerating. Where will AI be in 5 years? How far from AGI? Maybe this time is really different." So many dot-com era firms that cashed in on the promise of the World Wide Web ended up going bust, but consider that the big winners of that time — companies like Amazon and eBay — not only survived but are thriving a quarter century later. According to Brian Belski, chief investment strategist at BMO and the only Wall Street strategist who has consistently published research since the dot-com bubble, the stock market is nowhere close to being in a bubble. "Just because asset prices go up doesn't mean it's a bubble," Belski told Business Insider. "It's early innings. In 1999/2000, we were doing crazy stuff. Like companies were buying other companies with stock, like bad stock." That sort of behavior isn't happening right now despite the AI boom. The IPO market has been dormant for years and has shown few signs of thawing, another sign the bubble hasn't yet been inflated. "In a bubble, everybody makes money," Belski said. "Why AI is not a bubble right now? You have to take two steps back and think about this. Are the investment banks making money on this? Are we seeing massive primary or secondary offerings? Are we seeing massive consolidation in M&A activity?" Belski thinks the word "bubble" is thrown around too often on Wall Street, and it's had a negative impact on investors' psyche for years. "The market has been humbled for much of the last 30 years, and every single time the market goes up, investors say 'Oh it's gonna go down! It's gonna go down.' That's massively different than the late 1990s," Belski said. Read the original article on Business Insider
