Apple Tests Waters In Home Robotics After Shifting Focus From EV Project


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Apple Inc. (NASDAQ:AAPL) is delving into the realm of home robotics, a venture that signals the tech giant’s quest for the next breakthrough following the discontinuation of its electric vehicle project.

According to Bloomberg, Apple’s engineers are at the helm of two cutting-edge projects: a mobile robot that accompanies users around their homes and a sophisticated table-top device with a robotic arm to reposition a display.

This development underscores Apple’s ambition to deepen its penetration into consumers’ living spaces by harnessing advancements in artificial intelligence and robotics.

Apple’s foray into home robotics is a testament to its enduring quest for the “next big thing,” a journey that has been a hallmark of the company since the era of Steve Jobs, Bloomberg reports.

Developmental Challenges and Market Potential

Apple’s robotics venture is still in its embryonic stage, with the company’s commitment to these projects remaining tentative.

The path to commercialization is fraught with uncertainties, reminiscent of the challenges Apple faced with its now-defunct electric vehicle project and the slow market penetration of its mixed-reality goggles.

Concerns linger regarding consumer willingness to invest in premium robotic devices and the technical feasibility of such innovations, according to Bloomberg.

Potential to Reshape the Smart Home Market

Apple’s exploration of home robotics could significantly bolster its presence in the smart home industry. The company’s ambition to delve deeper into consumers’ personal spaces through innovative technology could set new benchmarks for what’s expected from home devices.

The table-top robot project, in particular, has piqued the interest of Apple’s senior executives, Bloomberg reports. The robot would include features such as enhanced video call interactions through mimicking head movements—a glimpse into the futuristic applications Apple envisions.

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Image generated using artificial intelligence via Midjourney.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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