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I am starting to gain a deeper understanding of the significant hardware upgrade for the iPhone 17 base model. Yes, it squeezes the profit margin of $AAPL. However, the fact is that Apple is doing something that has never been done before: expanding its user base by lowering the entry barrier of the iOS ecosystem. This positions $AAPL to gain dominance and user stickiness in the AI Era. Apple is the future base for running any AI application. The profit margin lost on hardware will be compensated for with higher creator shares and content income. Smart move by @tim_cook.
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