Apple (AAPL) to Host Developer Event in Shanghai Amid AI Expansion

Feb 10, 2025

Reports indicate that Apple (AAPL, Financial) is set to hold a developer event titled "Harnessing the Power of Apple Intelligence" in Shanghai. This event suggests that Apple's AI capabilities may soon be launched in mainland China.

Apple Technology Development (Shanghai) Co., Ltd. was established last month, focusing on software development, big data services, storage services, and data processing. This new entity is expected to accelerate the rollout of Apple's AI services in China.

The upcoming event marks an important step for Apple as they expand their technological footprint in one of their key markets. The establishment of the new company in Shanghai underscores Apple's commitment to enhance its service offerings and leverage AI advancements in China.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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