Source item
Open original source ↗$AAPL down ~4%.
Craig says Siri AI in beta later this year, which explains the sell off. Investors wanted it in September. That means the real version is likely early to mid 2027. Funny that the stock actually ticked up 0.5% on the "beta later this year" update given while it's later than what they wanted, it is at least a date that investors can focus on.
Quoted context
These are the quoted author’s words.
$AAPL has sold off 2.6% because the jury is still out on whether Apple can deliver compelling AI. Yes, the demo is amazing, but Craig didn’t give any timing updates on the new Siri. Most investors (including Gurman) expected it to launch this fall, but Apple provided no comfort that it would actually be ready in September. That lack of confidence on timing is what is spooking investors. Apple doesn’t seem willing to be on the hook for a specific date, which leaves the bigger question unanswered: Can Apple deliver AI that people actually want?
munster_gene ↗