The all-stock deal with OpenAI values Ive’s AI hardware startup io at $6.5 billion—and is set to be a major windfall for the man who designed the iPhone.

Apple (NASDAQ: AAPL) stock has been a blockbuster winner for long-term investors. However, the company is now hitting a rough patch. The stock is barely up over the past year, with revenue only slightly up from 2022.

Apple stock price has sold off this year, making it the top laggard in the Magnificent 7 group. What next for the AAPL shares this year?

Apple's AI struggles provide Google a golden chance to dominate the mobile market with innovative Android features, potentially enticing iOS users.

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Apple has pulled out all the stops to tout shiny new AI tools. Now, the company is facing questions about what it’s promised versus what it’s delivered.

Apple Inc. (NASDAQ:AAPL) shares declined after reports surfaced that OpenAI is acquiring Jony Ive’s hardware startup, io Products, in a $6.5 billion deal.

Investing.com -- Apple (NASDAQ: AAPL) stock pared its losses to -0.4% following an earlier -1% dip after Bloomberg reported that the company plans to open its artificial intelligence models to third-party developers. The tech giant’s move is aimed at fostering the creation of innovative applications and enhancing the appeal of its devices.

Apple has made other attempts to find a breakthrough AI product. That’s included the idea of equipping its smartwatches and AirPods earbuds with cameras, allowing them to absorb more info about