Overview

• Shares fell about 1.9% after Monday’s AI event, erasing roughly $65 billion in market value.
• Wedbush’s Daniel Ives called the presentation a “yawner” and warned that investor patience is wearing thin.
• No major updates for Siri were unveiled as Apple postponed significant upgrades to meet its quality standards.
• The event showcased live call translation, automated call screening and new developer tools for on-device AI.
• Apple faces additional pressure from Sir Jony Ive’s departure to OpenAI, a court ruling letting Epic Games bypass its payment system and potential US tariffs on overseas production.