Apple's AI strategy focuses on integrating "Apple Intelligence" into existing products, partnering with Alphabet's Gemini for Siri, as its Q3 R&D expenses jumped 32.3% YoY; Apple shares soar
Analysis suggests Apple's approach to AI differs from its Magnificent Seven peers, who are heavily investing in new AI infrastructure or projects. Instead, Apple leverages its ecosystem, with iPhone revenue up 21.7% and services up 12% in fiscal Q3 2026. While its capital expenditures are lower than peers, the significant increase in R&D indicates active development. The market continues to value Apple's financial strength, with its stock outperforming other Magnificent Seven companies this year.
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