Why Apple’s Stock Suddenly Dropped A Few Minutes Into Its WWDC Keynote – ryan

Apple Shares Suddenly Dropped a Few Minutes Into Its WWDC Keynote on Monday. The culprit appears to be one word: Siri.

About Six minutes into the presentation, Apple’s Stock Abruptly Fll More than 2.5%, From Roughly $ 206 to Below $ 201. That’s the Equivalent of About $ 75 Billion in Market Value.

JUST Seconds Earlier, Apple Software Chief Craig Federighi was on Stage Recapping the Apple Intelligence the Company Had Rolled Out in Recent Months, Such as Genmoj, Smart Replies, Photo Cleup Tools. Then he pivoted to Siri. That’s wen things got awkward.

“We’re Continuing Our Work to Deliver the Features that Make Siri More Personal,” Federighi Said. “THIS WORK NEEDED MORE TIME TO REACH OUR HIGH QUALITY BAR, AND WE LOOK FORWARD TO SHARING MORE ABOUT IT IN The Coming Year.”

Translation: Apple’s Long-Promised he revamp of Siri Still isn’t Ready. Investors probably didn’t like hearing that.

“WWDC Laid Out the Vision for Developers but was void of any Major Apple Intelligence Progress,” Dan Ives, A Tech Analyst at Wedbush Securities, Wrote in A Note to Investors.

“We get the strategy but this is a Big Year ahead for Apple to MONTEY ON THE AI ULTATIZE COOK & CO. May be strengthened intto doing some bigger he acquisits to jumpstart he strategy,” Ives added. “We have a high level of confidence Apple can get this right but they have a tight Window to figure this out.”

Wall Street has been hoping and waiting for big he Advances from Apple for About a Year. Expectations were not that High that wwdc 2025 would produce massive new progress here.

Howver, Competitors Such As Google, Microsoft, and Openai Are Racing Ahead, with New Generation AI Models, Chatbot Upgrades and Features Coming Out Across the Industry Week. Instead, on the monday Apple reiterated it Message that Major he features are still in the work.

Earlier This Year, Apple Had to Pull Ads After an Industry Watchdog Said The Company’s “Avilaable Now” Claims About Apple Intelligence, Including Next-Gen Syria, Overstated What Was Actually Ready.

The delay underscores a deeper problem: Apple has ben Slow to build the infrastructure and Foundational models that modern Power he.

“The Silence Surrounding Siri Was Deafening; The Topic Was Swiftly Brushed Aside to Some Indeterminate Time Next Year,” Forrester Analyst Dipanjan Chatterjee Told Business Insider. “Apple Continuing to Tweak Its Apple Intelligence Features, but no amout of Text corrections or cute emois yawning void of an intuitive, interactive it Experience that we know Siri Be Capable of you.

Apple’s Old PlayBook was to stay quiet unil every perform. But in the he arms race, waiting May Not Win. These days, just admitting you’re not ready is Sometimes Enough to Wipe Out Tens of Billions in Market Value.

“The End of the Siri Runway is Coming Up Fast,” chatterjee Said. “Apple Needs to Lift off.”

Jordan Hart Contributed Reporting.