Apple’s AI and AR Struggles Show It Has Lost Some of Its Product Edge

Apple’s struggles in emerging areas like artificial intelligence and augmented reality show the company has lost some of its product development edge. Also: Apple is set to launch an invite service; the company reports record-high quarterly revenue despite a big slowdown in China; and SpaceX’s Starlink service is coming to T-Mobile iPhone customers.

Last week in Power On: Apple remains a threat in AR, even as Google and Meta jump ahead.