That "moat" is being reduced (again, compared to previous Apple history) as other companies catch up. Apple has continually cannibalized their own hardware to keep ahead of others.
Unlike the "pure" AI players, who rely on NVIDIA and others, Apple is relying on its own capabilities, vertically organized, to maintain its lead in consumer space.
They are using the "cloud" to again, vertically integrated, to preserve their "privacy first" consumer marketing, their hardware to maintain their "premium product" lead, and they are usually second to a market after a first-mover advantage has been reduced by ongoing development.
Unlike the "pure" AI players, who rely on NVIDIA and others, Apple is relying on its own capabilities, vertically organized, to maintain its lead in consumer space.
They are using the "cloud" to again, vertically integrated, to preserve their "privacy first" consumer marketing, their hardware to maintain their "premium product" lead, and they are usually second to a market after a first-mover advantage has been reduced by ongoing development.