Apple is preparing to unveil its iOS 18 update, codenamed 'Project Greymatter,' at WWDC 2024 with a major focus on revolutionary AI features.

CEO Tim Cook has hinted at a significant AI announcement, emphasizing on-device capabilities for enhanced data privacy and security.

Apple's partnerships with OpenAI and Google for AI integration, along with its use of proprietary chips in data centers, give it a competitive edge in AI technology development.

The upcoming announcements at WWDC will showcase groundbreaking advancements in generative AI, including a large language model for various features.

These AI capabilities have the potential to drive sales of new devices and create opportunities for developers to build AI-powered apps.

Despite investment risks, Apple's strong earnings outlook and long-term growth potential in edge AI make it an appealing investment option.

With iOS 18 set for a fall release alongside the iPhone 16 series, Apple aims to deliver a more personalized and intelligent user experience.

Apple is positioning itself as a key player in the AI industry against competitors like Google and Microsoft.

Investors are advised to consider the potential impact of Apple's AI advancements on the stock and its future revenue growth in fiscal 2025.