Apple Jumps Peers With Upgrades To Its AI-Capable PC Offerings -

Apple Jumps Peers With Upgrades To Its AI-Capable PC Offerings

Jun 11, 2024Jeremy ParkinsonFinance, No picture0

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AI PCs About To Take Off
The growth in AI PCs, due to upgrades and innovation in the PC market with the introduction of neural processing units (NPUs) in the latest chip designs, is resulting in many consumers beginning to replace the devices they purchased at the start of the pandemic with AI PCs and, as such, representing an inflection point for the PC industry.The AI PC market is set to explode in 2024 from 10% of shipments in 2023 to 22% and, according to the research firm, Canalys, the AI PCs sector is set to rise at a compound annual growth rate of 64% between now and 2027 making up 37% of all PCs shipped in 2025, 53% in 2026 and 60% in 2027.

What Are “AI PCs” and What Is Their Unique Selling Proposition (USP)?
“AI PCs” are AI-enabled personal computers outfitted with chips (neural processing units, or NPUs) capable of running large-language models and apps directly on the device, instead of the cloud, allowing for AI to be run locally on the computers themselves and being able to be used whenever and wherever – even without an internet connection.

Which Companies Have Or Will Be Launching AI PCs in 2024?
Below is what the major publicly traded PC manufacturers* have in the works for introduction in 2024 or, in some cases, have already done so:

Dell Technologies Inc. (DELL) has a totally redesigned, and more powerful, AI-capable PC (see here) on the market already with AI acceleration built into the device thanks to Intel Core Ultra processors and experiences brought to life by Windows 11.

Lenovo Group Limited (LNVGY) unveiled a full lineup of more than 40 new devices and solutions powered by AI at CES 2024 in Las Vegas this past January (see here) that personalize the computing experience for both consumers and businesses like never before but they are not yet on the market.

Motorola Solutions Inc. (MSI) introduced the next-generation of AI-powered gaming desktops last October featuring the 14th generation Intel processor (see here).

HP, Inc. (HPQ) plans to introduce their AI PC this July/August (see here) and projects that the penetration of the AI PCs will be between 40% and 60% within 3 years.

Microsoft (MSFT) has introduced its first Copilot+ PCs, the Surface Pro 10 and Surface Laptop 6, to support upcoming new AI features in Windows 11. The first Copilot+ laptops are now available to preorder at prices starting at US$999 for shipment beginning June 18.

Apple, Inc. (AAPL) announced at its annual Worldwide Developers Conference that began yesterday (June 10) that it is overhauling its Mac computers by fitting them with new state-of-the-art M4 processors in a bid to boost sales which fell 27% throughout the financial year 2023, and catch up with rivals in the field of artificial intelligence (AI). Apple is planning to launch the first Macs with M4 processors by the end of thus year.

*AI PCs offered by Samsung, Acer and Asus are not included in this article as their stocks are not traded on any North American stock exchanges.

Conclusion
If the AI PCs category does, in fact, rise at the projected CAGR of 64% between now and 2027 we can expect the AI PC revolution to really take off later in 2024 when all 6 of the above participants are fully participating. Stay tuned for developments.More By This Author:AI-Focused Drug Discovery Stocks Portfolio Down 2% In May; Up 4% Last Week
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