
"Apple Explores AI-Powered Ads for App Store"
Apple is testing a new AI-powered ad-buying product for its App Store, similar to Google's Performance Max and Meta's Advantage+. The product automatically decides where to place ads within the App Store based on advertisers' budget, cost-per-acquisition target, audiences, and countries. While the tool is currently limited to the App Store, experts speculate that it could eventually expand to other Apple properties like Maps, Apple TV+, and its Books app. Apple's ad business is expected to generate $7 billion in revenue this year, with potential for expansion into new ad placements and advertising tiers for Apple TV+.



