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Apple under pressure to shine after AI stumble
Apple under pressure to shine after AI stumble
Economy
by  AFP

Pressure is on Apple to show it hasn't lost its magic despite broken promises to ramp up iPhones with generative artificial intelligence (GenAI) as rivals race ahead with the technology. "The bottom line is Apple seemed to underestimate the AI shift, then over-promised features, and is now racing to catch up," Gene Munster and Brian Baker of Deepwater Asset Management wrote in a WWDC preview note.

US aerospace industry anxious as tariffs loom
US aerospace industry anxious as tariffs loom
Economy
by  AFP

US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. The US industry those tariffs were crafted to protect swiftly let the administration know it was not interested.