US Stock Market Move | Planning a major push into the smart home market, Apple Inc. (AAPL.US) rises 3%.

On Wednesday, Apple Inc. (AAPL.US) rose 3% to $339.33. On the news front, according to reports, Apple Inc. plans to make a major push into the smart home market on October 13, marking a key expansion of the company's product line under new CEO Ternus. According to people familiar with the matter, the centerpiece of the strategy is a smart home control hub codenamed J490. Apple Inc. also plans to release the first update to the HomePod mini since its debut in 2020, as well as its first new Apple TV set-top box since 2022. These products will also showcase a new Siri artificial intelligence assistant that Apple Inc. has spent years developing. The release of the upgraded Siri had been delayed multiple times, and these smart home devices are expected to highlight Apple Inc.'s efforts to catch up in the field of artificial intelligence. People familiar with the matter said the home control device will feature a roughly 6-inch square display design and will be available in both wall-mounted and desktop versions; the new HomePod mini and Apple TV will retain their current designs but will be equipped with faster processors to support Siri's more powerful AI models.