Apple stock continued its decline following the unveiling of the Apple Intelligence platform at the Worldwide Developers Conference. Investors expressed disappointment in the revamped Siri, labeling the updates as evolutionary rather than revolutionary.
Goldman Sachs maintained a buy rating, citing monetization paths through hardware upgrades and iCloud subscriptions. On June 10, reports confirmed that regulatory hurdles will delay the AI-powered Siri rollout in the European Union and China.
A broader market sell-off also contributed to the downward pressure on the share price. These regulatory obstacles represent a significant setback for the global deployment of Apple's new AI features.