Overview

• Craig Federighi said more work remains on Siri AI and that details will be released over the coming year, underscoring ongoing development delays.
• Apple’s WWDC keynote did not include a timeline for AI-enhanced Siri features, triggering a roughly 1% share price drop and erasing $75 billion in market value.
• Apple launched a software development kit for Apple Intelligence, allowing developers to build apps with on-device large language models.
• Wedbush and Goldman Sachs maintained bullish price targets even as Dan Ives warned the company has a six-to-nine-month window to solidify its AI strategy.
• Apple is facing a false advertising lawsuit over its Siri AI claims, with a September 2025 deadline to file a motion to dismiss, and Jim Cramer suggested acquiring Perplexity to boost its AI capabilities.