Apple to Release AI Features in October Post iOS 18 Update

Apple is set to launch new artificial intelligence features in October, according to a Bloomberg report released Monday. These features will be available weeks after the initial release of iPhone and iPad software updates.

Beta Version Release and Developer Access

The company previously announced that its AI features would be available in a beta version this fall. Despite the delayed full release, Apple plans to provide software developers with early access to Apple Intelligence as soon as this week through the iOS 18.1 beta version. This early access is intended to facilitate wider-scale testing and ensure stability.

Announced Features and Compatibility

First introduced on June 10, Apple Intelligence offers several new functionalities. These include proofreading and rewriting text in different tones, creating custom emojis, and summarizing and transcribing phone calls. The features will be compatible with all Macs and iPads running the M1 chip or newer, and will initially work on iPhone 15 Pro models and newer.

Impact on iPhone Launch and Sales

The decision to delay the AI features was due to concerns about their stability and the need for extensive testing. While the initial iOS 18 launch will not include these features, they are expected to significantly enhance the user experience and drive sales of Apple's new iPhones. Some additional features, such as ChatGPT integration and Siri improvements, are anticipated to be released later in the year.

Investor Expectations and Market Impact

This news follows Apple’s unveiling of iOS 18, powered by Apple Intelligence and an AI partnership with OpenAI, at the Worldwide Developers Conference in June. The delay may temper some of the excitement surrounding Apple’s AI advancements. Investors are closely monitoring Apple's AI initiatives and their potential impact on earnings, particularly in light of concerns about slowing sales in China.

Market Performance and Future Prospects

While a delayed rollout of AI features may disappoint some investors, analysts at Wedbush recently suggested that Apple could be on track for a $4 trillion market capitalization with an AI-enhanced iPhone 16. Despite the mixed reactions, Apple shares remained relatively stable in intraday trading on Monday, having gained about 13% this year amid growing enthusiasm for the company's AI potential.