Apple Inc. (NASDAQ:AAPL) is one of the tech stocks with strong return on equity. On August 10, it was announced that the company is working on a significant upgrade to its AI voice control, which will change how people use iPhones. Reports indicate that the company is working on an upgraded version of App Intents that will make Siri the true hands-free controller for devices.
App Intents will enable people to use their voice to instruct Siri to perform complex operations, such as finding a specific photo, editing it, and sending it off. Thanks to artificial intelligence integration, the digital assistant can comment on an Instagram photo or scroll through a shopping app and add items to a cart.
With the new upgrades, Apple is exploring ways to make its voice control operate with precision inside interfaces. The upgrades would mark an important milestone and fulfillment of a promise that Siri made 15 years ago. It will also be a significant upgrade to the company’s hardware. Without App Intents, Apple’s products would be less compelling than those offered by Amazon and Google.
Apple Inc. (NASDAQ:AAPL) is a technology company that designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also sells a variety of related services, including software, digital content, and subscription-based services. The stock boasts of a high return on equity of 149.81%, affirming its ability to convert shareholder equity to profit.
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Disclosure: None. This article is originally published at Insider Monkey.