Apple (AAPL) shares are in focus after Bloomberg reported on Sunday that the tech giant’s highly anticipated 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features will miss the initial launch of its upcoming iPhone and iPad software revamps.

The company, which 澳洲幸运5官方开奖结果体彩网:reports earnings after the closing bell on Thursday, anticipates releasing Apple In🍸telligence to customers as part of software updates in October, several weeks after the initial September launch of iOS 18 and iPadOS 18, the report said, citing people with knowledge of the matter.

The c💃ompany remains on track to make its AI technology available to software developers for beta testing as early as this week, the report said, adding that concerns about the stability of Apple Intelligence features contributed to the decision to separate its rollout from the ไupdated operating systems. 

Apple, initially slow off the mark to enter the AI race compared to its big tech rivals, unveiled Apple Intelligence at its annual 澳洲幸运5官方开奖结果体彩网:Worldwide Developers Conference in June, hoping it will supercharge sales of its new devices. The technology aims to offer personalized intelligent assistance to users through features including prioritization of key notifications, tools for summarizing content, and the integration of 澳洲幸运5官方开奖结果体彩网:Open AI’s ChatGPT.

The tech behemoth plans to roll out its full suite of Apple Intelligence features through iOS 18 updates towards the end o🅘f this year and in the first half of 2025.

Monitor This Key Price Level in Apple Shares

Apple shares initially trended higher for several weeks after breaking out from a ten-month 澳洲幸运5官方开奖结果体彩网:trading range on heavy volume in early June, but have undergone a🌳 retracement after settin🐽g a new record higher earlier this month.

Despite the pullback, the 50-day 澳洲幸运5官方开奖结果体彩网:moving average (MA) recently crossed above the 200-day MA to form a bullish 澳洲幸运5官方开奖结果体彩网:golden cross pattern, a chart♐ signal interpreted by technical analysts as marking the start of a new u𒅌ptrend.

Investors can forecast a potential 澳洲幸运5官方开奖结果体彩网:price target by using a bars pattern. We do this by extracting the price move from the stock’s trending period between January and July last year and applying it to the late April 澳洲幸运5官方开奖结果体彩网:swing low, which forecasts a target of around $256.

Apple shares were little changed at $218.00 in premarket trading around two hours before Monday's opening bell.

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