Gene Munster, managing partner of Deepwater Asset Management, 

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Khushi Singh

said in a blog post on Monday that the company's AI initiative is going to be an expensive

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undertaking and profits could be affected in the near future.  "Apple's margins have defied

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the laws of gravity for a decade," Munster said. 

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"Despite total revenues being down 2.8% in fiscal 2013, net income margin was 25.3%, essentially in line with the

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record 25.9% margin in fiscal 2011. This compares to Apple's 21.7% margin in fiscal 2013."

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Is." Is."  But to match peers like Alphabet's (GOOGL) Google and Microsoft (MSFT), 

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Apple needs to invest heavily in AI software and data center infrastructure, Munster said.  

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