Google, Microsoft, Meta, OpenAI, and others had aggressively invested in infrastructure that was deemed necessary to carry the wave of artificial intelligence. During the same period, Apple was believed to have taken a backseat, with its stance met with incessant criticism by analysts and investors, who stated time and time again that Apple was falling far behind in the race. Now, one analyst believes that sentiment has changed because, unlike its competitors, the company has not only reduced capex intensity risk but also made its position invaluable for opening another revenue stream through its robust Services division. This advantage, in […]
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