Apple believes that its new artificial intelligence (AI) services will increase demand for its iPhones.

The Cupertino-based company expects at least 90 million iPhone 16 devices to ship in the second half of this year. That’s up nearly 10 percent from the 81 million iPhone 15 units shipped in the latter half of 2023. Bloomberg.

Apple’s new AI features for iOS include intelligent writing tools that help proofread, summarize and rewrite text across apps. Better notifications prioritize important messages, and the Mail app offers “smart replies.”

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Apple said it will begin testing Apple Intelligence features in beta on iOS 18, iPadOS 18, and macOS Sequoia this fall. Meanwhile, an upgraded version of Siri is expected to arrive in the early months of 2025.

There is no word yet on how Apple Intelligence will work in China as Apple has yet to sign a deal with a Chinese AI company. OpenAI’s ChatGPT, which will be available in the US and other countries, is not able to work in China.

Shares in Tata Consultancy Services (TCS) were lower on Thursday as the company is set to open its first quarter (Q1) earnings season for the Nifty 50.^NSEICompanies after the bell.

India’s largest IT services company is expected to post higher revenue growth than in the past five quarters, while rising wages may weigh on profits and margins.

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“The latest increase will accelerate on strong order signings from earlier quarters,” Kotak Securities said in its preview note on the IT sector.

On average TCS is expected to report revenue of around ₹62,150 crore (£5.7bn) for the June quarter with a net profit of ₹11,975 crore.

Shares of the subscription-based bulk retailer were higher in premarket trading after it announced that fees would rise for the first time since 2017.

Effective Sept. 1, fees will increase to $65 for individuals and $130 for executive memberships, representing an 8% increase for both categories from $60 and $120. Costco said the increase would affect 52 million memberships.

About half of the 74.5 million households with cards are Executive members who pay a higher annual cost. This membership includes 2% cashback on in-store and online purchases.

The company posted net income of $1.68 billion in the 12-week period ended May 12. That figure includes the $1.12 billion in membership fees it took in during the quarter. Costco earned about $4.bn Annual membership fees in the fiscal year ending in early September, an 8 percent increase from last year.

Sales for the five weeks ended July 8 rose 7.4 percent from the same period last year to $24.48 billion, bringing the year-to-date figure to $210.55 billion, up 6.9 percent from a year earlier. The percentage is high.

Shares in Dr Martens rose after the company assured shareholders that trading had been in line with expectations since the start of its financial year.

“As always, the first quarter is the shortest period of our fiscal year, representing the end of spring/summer. As indicated in our recent 2024 results, the current fiscal year is particularly profitable. In terms of the second half the approach will be,” the company said in a brief statement ahead of its annual general meeting in London later on Thursday.

The classic British footwear company said the coming autumn and winter period would be a “key focus” for the group and results would weigh heavily on the second half.

It is targeting direct customer growth in the US in the second half of the current fiscal year.

“Our cost action plan is ongoing and we will provide a detailed update on our first half results in November.”

Shares sank earlier this year after warnings of a profit shock.

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