Now that the company has disclosed its AI strategy, attention has shift to the rollout of the iPhone 16 this fall.
TDK said the new material for its small solid-state batteries has an estimated energy density of 1,000 watt hours per liter, around 100 times greater than its conventional solid-state battery.
Apple stock has been on a tear since it convinced investors it has a viable artificial intelligence strategy. Apple stock is up about 11% for the year to $215, with much of that gain coming since Monday’s close. The rally comes after the company’s Worldwide Developers Conference announcement about bringing artificial intelligence features to the iPhone.