Tim Cook tells investors: "enormous opportunities for Apple moving forward in AI"

In remarks cited in a stock analysis, Apple CEO Tim Cook told investors he was upbeat about the company’s artificial-intelligence prospects. That comment came as the article assessed whether Apple shares could reach $450 by the end of 2027, a 37.8% increase from $326.57. The analysis said such a gain would depend on whether AI features linked to Siri generate new Services revenue, whether iPhone 17 and 18 demand continues, and whether memory prices ease by mid-2027 so gross margins can recover toward 50%. Apple reported $109.42 billion in June-quarter revenue, with growth across iPhone, Mac, and Services, but projected September-quarter gross margin of 47% to 48% as memory costs climbed and supply limits affected multiple devices.