CUPERTINO, Calif. - Apple Inc (NASDAQ:AAPL). introduced iPadOS 18 today, the latest update to its tablet operating system, featuring new customization options, enhanced intelligence features, and additional tools for the Apple Pencil. This update, expected to roll out in the fall, will be compatible with iPad models equipped with an M-series chip.
The update brings a new dimension to the iPad experience with the introduction of Apple Intelligence, a personal intelligence system that combines generative models with personal context to streamline everyday tasks. Apple Intelligence will also be integrated into iOS 18 and macOS Sequoia, and will be supported on devices with Siri and device language set to U.S. English.
A highlight of the new features is the Calculator app with Math Notes, which allows users to solve mathematical expressions in their own handwriting. Additionally, the app includes a graphing feature and is directly accessible within the Notes app.
Handwriting on the iPad gets a boost with Smart Script, which smooths and straightens handwritten text in real time. This tool also simplifies editing handwritten text and allows users to incorporate typed text in their handwriting.
Users can now personalize their Home Screen and Control Center more than ever before. The Home Screen allows for customization of app icons and widgets, while the Control Center offers a redesigned interface with easier access to frequently used controls, including third-party app support.
The Photos app has been redesigned to optimize the larger display of the iPad, offering a single view for organization and new collections sorted by themes. Additionally, users can pin collections and enjoy a new carousel view that updates daily.
In Messages, new updates include text formatting options, animated text effects, and the ability to schedule messages. Safari introduces a distraction-free browsing experience with Highlights and a redesigned Reader view.
Privacy controls in iPadOS 18 have been enhanced, giving users the ability to lock and hide apps, manage app access to contact information, and control how the iPad connects to Bluetooth accessories.
The update also includes new accessibility features, improvements to SharePlay, and enhancements to the Calendar and Reminders apps. Maps will offer offline access to custom walking routes and national park hikes.
This news is based on a press release statement. The developer beta of iPadOS 18 is currently available, with a public beta expected next month. The final release will support a range of iPad models and will be available in beta on select iPhone models as well. For more information, visit Apple's official website.
In other recent news, Apple Inc. has announced significant updates across its product line. The tech giant has released visionOS 2, a substantial update to its Apple Vision Pro platform, introducing features such as the conversion of existing photos into spatial photos and enhanced developer tools for spatial computing. Concurrently, Apple has unveiled iOS 18, a major update to its mobile operating system, featuring enhanced customization options and the debut of Apple Intelligence, a personal intelligence system.
Apple has also decided to use its own server chips for artificial intelligence (AI) processing, a strategic move expected to enhance AI experiences across its devices. Additionally, Apple is set to introduce new features in its upcoming tvOS 18, enhancing the home entertainment experience.
Analysts have provided mixed feedback on these developments. UBS maintained a neutral rating on Apple's stock, while DA Davidson and Citi have maintained neutral and buy ratings respectively. These recent developments highlight Apple's commitment to innovation and user experience.
InvestingPro Insights
Apple Inc. continues to innovate with the introduction of iPadOS 18, leveraging its robust ecosystem to enhance user experience. As the tech giant rolls out new features, investors and Apple enthusiasts may be keen to understand the company's financial health and market standing. Here are some key insights from InvestingPro:
Apple's market capitalization stands at a staggering $2.97 trillion USD, reflecting its position as a leading player in the market. The company's P/E ratio is currently at 30.22, which, while indicative of investor confidence, also suggests a premium valuation relative to near-term earnings growth. Additionally, the company's Price / Book ratio as of the last twelve months ending Q2 2024 is 40.08, signaling high expectations from the market regarding Apple's assets and future profitability.
Despite a slight downturn in revenue growth, with a -0.9% change over the last twelve months as of Q2 2024, Apple's gross profit margin remains strong at 45.59%. This is a testament to the company's ability to maintain profitability amidst a dynamic market environment. Moreover, with a 15.48% price total return over the past three months, Apple's stock performance reflects positive investor sentiment.
For those interested in further analysis, there are additional InvestingPro Tips available, such as Apple's consistent dividend growth, with the company having raised its dividend for 13 consecutive years. Moreover, an InvestingPro Tip highlights that Apple operates with a moderate level of debt, which could be a reassuring factor for risk-averse investors. For access to all the insights, including 18 additional InvestingPro Tips for Apple, visit InvestingPro. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
As Apple Inc. continues to push the boundaries of technology with updates like iPadOS 18, keeping an eye on these financial metrics can provide valuable context for understanding the company's market position and future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.