"Of course, perhaps investors are right to wait and see how the much-anticipated Siri update will fare, given how the initial launch of Apple Intelligence turned out and the aftermath that followed once many consumers felt that the Cupertino-based giant underdelivered after perhaps overpromising a bit too much. Going into the new year, the tides could turn, and Apple might overdeliver in 2026 after underpromising for most of 2025."
"Could it be that Apple users will delete their handful of AI apps as they embrace Apple's privacy-focused, and perhaps far more personal AI experience? As always, time will tell, but I do think Apple is in a very unique spot to offer an AI product that takes the ball right into the endzone. And with big changes made atop the AI team, I think there's a good chance that the firm is ready to step up to the plate to go for what could be one of the biggest swings in recent memory."
Apple shares trade at about 33 times forward P/E despite a near-5% December dip. Apple Intelligence's initial launch underwhelmed many iPhone users after perceived overpromising and underdelivery. A significant Siri overhaul, described as a much bigger update than envisioned, is slated for months away and could arrive by Spring 2026. Management changes atop the AI team aim to strengthen execution. A privacy-focused, more personal AI experience could prompt users to replace other AI apps. Investor sentiment and share performance hinge on whether the Siri overhaul overdelivers or further disappoints.
Read at 24/7 Wall St.
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