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Apple set for big sales decline as investors await AI in iPhones

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Apple’s (AAPL.O), opens new tab plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year, Reuters reported.

Long considered a must-own stock on Wall Street, Apple shares have underperformed other Big Tech companies in recent months, falling more than 10% this year as fears mount about its slow roll-out of artificial intelligence services and as a resurgent Huawei (HWT.UL) takes market share in China.

Analysts on average see iPhone sales, which account for about half of Apple’s revenue, falling 10.4% in the first three months of 2024, according to LSEG. That drop would be the steepest in more than three years.

The year-ago iPhone revenue that the 10.4% iPhone sales drop is measured against was unusually high as Apple satisfied pent-up demand after the COVID pandemic, company executives previously noted.

At least $5 billion of the $51.3 billion in iPhone sales a year ago was essentially catching up from disruptions in the December 2022 quarter when COVID lockdowns in China hampered iPhone production, executives said.

Even with that factored in, Wall Street expects a slight decline in iPhone sales, and analysts estimate Apple’s total revenue declined 5% in its fiscal second quarter ended in March. That would be Apple’s biggest revenue decline since the December 2022 quarter, when revenue fell 5.5%, read the report.

Apple earlier this year lost the crown of the world’s most valuable company to Microsoft (MSFT.O), opens new tab. Its market value stands at $2.68 trillion after the share price declined 11.24% so far this year.

Weak revenue and falling shares have pressured Apple to spruce up its flagship device after years without major upgrades.

The company is in talks with OpenAI and Alphabet-owned Google to add genAI features for the iPhone that could be unveiled at what is expected to be its biggest-ever annual developer conference in June, Bloomberg News has reported.

According to Reuters analysts believe such an AI integration could drive demand for the next iPhone series, expected to be announced in the fall.

While executives at Microsoft, Alphabet (GOOGL.O), opens new tab, Meta Platforms (META.O), opens new tab and other major technology firms have talked up their AI strategies on quarterly conference calls in recent months, Apple CEO Tim Cook has discussed his plans for the emerging technology much less.

Adding AI features to iPhones could also help Apple to compete better with Huawei and Samsung Electronics (005930.KS), opens new tab, which reclaimed the title of the world’s top smartphone vendor from Apple this year, driven by demand for the AI features in its Galaxy S24 smartphones.

“Replacement cycle tailwinds and incremental generative AI features set up Apple well for a strong iPhone 16 cycle,” Bernstein analyst Toni Sacconaghi said this week as he upgraded the company’s shares to “outperform” from “market-perform.”

“We believe prevailing weakness in China is more cyclical than structural, and note historically Apple’s China business has exhibited much higher volatility than Apple overall, given its very feature-sensitive installed base.”

Thursday’s earnings will also be watched closely for updates on the company’s stock buyback plan and the Vision Pro, Apple’s first major product in years that hit the shelves in February.

After initial enthusiasm, there have been signs that demand slowed for the $3,500 device, with an analyst saying this month that Apple has pulled back its production estimates for the mixed-reality headset.

The rest of the company’s hardware business is also reeling from soft demand, with iPads and Mac sales expected to fall 11.4% and 4.3%, respectively, in the March quarter, Reuters reported.

Apple has signaled it is sharpening its focus on the devices, which have also been hobbled by a lack of major upgrades.

At an Apple event this month, a revamped iPad line-up is expected to be unveiled and media reports have said that it plans to update every Mac model with faster, AI-focused M4 processors.

The services business, which includes App Store and subscription services such as Apple TV, is expected to remain a bright spot with revenue growth of 7.7%.

Apple shares closed down 0.6% at $169.30 on Wednesday.

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IPL 2025: Robo-Dog ‘Champak’ explained

Covered in a brown fur-like print and fitted with a camera in place of a face, the robot is designed to offer dynamic, on-ground visuals from a dog’s eye view

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Organizers of this year’s Indian Premier League (IPL) are blazing a trail when it comes to embracing cutting edge technology and over the past week have deployed an AI-powered robotic dog that is fast growing in popularity among both players and fans. 

The mechanical camera-carrying canine, named Champak, is the latest addition to the league’s broadcast team and was introduced to the public before the Delhi Capitals and Mumbai Indians match at the Arun Jaitley Stadium on April 13.

Former New Zealand cricketer and commentator Danny Morrison formally introduced his new broadcast companion before demonstrating the IPL robot dog’s ability to run, jump, respond to various voice commands and even draw a heart shape with its front limbs.

The video clip, put out by the IPL’s social media handles, also shows Mumbai Indians’ players Hardik Pandya, Reece Topley and Delhi Capitals captain Axar Patel interacting with the robot dog and having a blast.

The IPL also called on fans to help name the robot dog, which has been a regular part of the broadcast team in subsequent matches. Fan votes eventually saw the robotic canine named Champak.

During the Lucknow Super Giants vs Chennai Super Kings clash in Lucknow, MS Dhoni couldn’t resist a little fun with the robo-dog – playfully lifting it up and putting it down sideways, much to the crowd’s delight.

Known for his love of dogs, often seen in heart-warming moments with his own pets on social media, MS Dhoni later scooped up the mechanical pup and carried it off, probably for some extra playtime.

Covered in a brown fur-like print and fitted with a camera in place of a face, the robot is designed to offer dynamic, on-ground visuals from a dog’s eye view, bringing fans closer to the action in new and immersive ways.

Comparable to a GoPro-like action cameras, the robot dog enables unique broadcast angles along the sidelines and pitch perimeter.

The IPL robot dog draws clear inspiration from the quadrupeds designed by United States-based robotics company Boston Dynamics.

Similar quadrupeds have been deployed from military logistics to hazardous site inspections. The IPL’s version appears to be a small and playful adaptation.

Have you seen Champak yet?

For cricket fans across the country, tune in today, Monday April 22, to watch Lucknow Super Giants take on Delhi Capitals. The match starts at 5pm Kabul time. 

Ariana Television will broadcast the match live and exclusively across Afghanistan and hopefully Champak will once again be out of the field for fans to see. 

 

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NASA rover finds fresh evidence of the warm and wet past of Mars

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A mineral called siderite found abundantly in rock drilled by a NASA rover on the surface of Mars is providing fresh evidence of the planet’s warmer and wetter ancient past when it boasted substantial bodies of water and potentially harbored life.

The Curiosity rover, which landed on Mars in 2012 to explore whether Earth’s planetary neighbor was ever able to support microbial life, found the mineral in rock samples drilled at three locations in 2022 and 2023 inside Gale crater, a large impact basin with a mountain in the middle, Reuters reported.

Siderite is an iron carbonate mineral. Its presence in sedimentary rocks formed billions of years ago offers evidence that Mars once had a dense atmosphere rich in carbon dioxide, a gas that would have warmed the planet through the greenhouse effect to the point that it could sustain bodies of liquid water on its surface.

There are features on the Martian landscape that many scientists have interpreted as signs that liquid water once flowed across its surface, with potential oceans, lakes and rivers considered as possible habitats for past microbial life.

Carbon dioxide is the main climate-regulating greenhouse gas on Earth, as it is on Mars and Venus. Its presence in the atmosphere traps heat from the sun, warming the climate.

Until now, evidence indicating the Martian atmosphere previously was rich in carbon dioxide has been sparse. The hypothesis is that when the atmosphere – for reasons not fully understood – evolved from thick and rich in carbon dioxide to thin and starved of this gas, the carbon through geochemical processes became entombed in rocks in the planet’s crust as a carbonate mineral.

The samples obtained by Curiosity, which drills 1.2 to 1.6 inches (3-4 centimeters) down into rock to study its chemical and mineral composition, lend weight to this notion. The samples contained up to 10.5% siderite by weight, as determined by an instrument onboard the car-sized, six-wheeled rover.

“One of the longstanding mysteries in the study of Martian planetary evolution and habitability is: if large amounts of carbon dioxide were required to warm the planet and stabilize liquid water, why are there so few detections of carbonate minerals on the Martian surface?” said University of Calgary geochemist Benjamin Tutolo, a participating scientist on NASA’s Mars Science Laboratory Curiosity rover team and lead author of the study published on Thursday in the journal Science, opens new tab.

“Models predict that carbonate minerals should be widespread. But, to date, rover-based investigations and satellite-based orbital surveys of the Martian surface had found little evidence of their presence,” Tutolo added.

Because rock similar to that sampled by the rover has been identified globally on Mars, the researchers suspect it too contains an abundance of carbonate minerals and may hold a substantial portion of the carbon dioxide that once warmed Mars.

The Gale crater sedimentary rocks – sandstones and mudstones – are thought to have been deposited around 3.5 billion years ago, when this was the site of a lake and before the Martian climate underwent a dramatic change.

“The shift of Mars’ surface from more habitable in the past, to apparently sterile today, is the largest-known environmental catastrophe,” said planetary scientist and study co-author Edwin Kite of the University of Chicago and Astera Institute.

“We do not know the cause of this change, but Mars has a very thin carbon dioxide atmosphere today, and there is evidence that the atmosphere was thicker in the past. This puts a premium on understanding where the carbon went, so discovering a major unsuspected deposit of carbon-rich materials is an important new clue,” Kite added.

The rover’s findings offer insight into the carbon cycle on ancient Mars.

On Earth, volcanoes spew carbon dioxide into the atmosphere, and the gas is absorbed by surface waters – mainly the ocean – and combines with elements such as calcium to form limestone rock. Through the geological process called plate tectonics, this rock is reheated and the carbon is ultimately released again into the atmosphere through volcanism. Mars, however, lacks plate tectonics.

“The important feature of the ancient Martian carbon cycle that we outline in this study is that it was imbalanced. In other words, substantially more carbon dioxide seems to have been sequestered into the rocks than was subsequently released back into the atmosphere,” Tutolo said.

“Models of Martian climate evolution can now incorporate our new analyses, and in turn, help to refine the role of this imbalanced carbon cycle in maintaining, and ultimately losing, habitability over Mars’ planetary history,” Tutolo added.

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Meta releases new AI model Llama 4

Meta said in a statement that the Llama 4 Scout and Llama 4 Maverick are its “most advanced models yet” and “the best in their class for multimodality.”

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Meta Platforms on Saturday released the latest version of its large language model (LLM) Llama, called the Llama 4 Scout and Llama 4 Maverick.

Meta said Llama is a multimodal AI system. Multimodal systems are capable of processing and integrating various types of data including text, video, images and audio, and can convert content across these formats.

Meta said in a statement that the Llama 4 Scout and Llama 4 Maverick are its “most advanced models yet” and “the best in their class for multimodality.”

Meta added that Llama 4 Maverick and Llama 4 Scout will be open source software. It also said it was previewing Llama 4 Behemoth, which it called “one of the smartest LLMs in the world and our most powerful yet to serve as a teacher for our new models.”

Big technology firms have been investing aggressively in artificial intelligence (AI) infrastructure following the success of OpenAI’s ChatGPT, which altered the tech landscape and drove investment into machine learning.

The Information reported on Friday that Meta had delayed the launch of its LLM’s latest version because during development, Llama 4 did not meet Meta’s expectations on technical benchmarks, particularly in reasoning and math tasks.

The company was also concerned that Llama 4 was less capable than OpenAI’s models in conducting humanlike voice conversations, the report added.

Meta plans to spend as much as $65 billion this year to expand its AI infrastructure, amid investor pressure on big tech firms to show returns on their investments.

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