Apple’s iPhone Success Contrasts with Talent Drain to AI Rivals

Apple’s latest iPhone 17 series has generated exceptional early demand across key Asian markets, driving a notable share price increase. However, this product launch triumph coincides with a significant corporate challenge: the targeted recruitment of Apple’s engineering talent by artificial intelligence leader OpenAI.

Initial sales data from the iPhone 17 global release last Friday indicates remarkably strong consumer interest. In China, pre-order volumes within the first minute alone surpassed the entire first-day sales of the previous iPhone 16 model. The enthusiasm extended to India, where Apple Stores in Bengaluru saw substantial customer queues forming throughout Sunday—a clear indicator of robust market demand.

Financial markets responded positively to these developments, with Apple shares climbing 3.2% during Friday’s trading session.... Read more...