Apple came under pressure following the WWDC 2026 conference. Despite the presentation of an updated Siri AI and the expansion of the Apple Intelligence platform, the market reaction was muted: AAPL shares fell by about 2% as the announced innovations did not represent the breakthrough investors had anticipated.

Analysts note that much of the positive expectations had already been priced in, resulting in a classic “buy the rumor, sell the news” scenario.
The key question: can Apple catch up in AI
The main topic for Wall Street remains Apple’s ability to monetize artificial intelligence. The company finally introduced a full-fledged AI version of Siri, but some analysts view the update as a catch-up move compared to OpenAI, Google, and Microsoft. Additional concerns stem from Apple’s reliance on Google Gemini models and the lack of a clear strategy to turn AI features into a new revenue stream. As a result, many investors see the current phase as one of proof rather than growth.
Risks remain: Siri delays and regulatory constraints
Pressure on the stock is also driven by the history of delays in launching Siri AI features. Several months ago, these delays triggered a notable sell-off and worsened market sentiment toward Apple’s AI strategy. Now, this is compounded by regulatory challenges in Europe: the company has confirmed that some new AI capabilities will not be launched in the EU simultaneously with other markets due to regulatory requirements.
What’s next
The medium-term investment thesis for Apple is increasingly dependent on the successful rollout of Siri AI and the next generation of iPhone. At the same time, the long-term outlook remains broadly positive thanks to an ecosystem of more than two billion devices and a strong services business. However, after the current decline, the market is demanding not announcements but tangible proof that Apple can turn AI into a new driver of profit and device sales. Until such evidence emerges, volatility in the stock is likely to remain elevated.
Near-term outlook
After losing support around the $308 level, AAPL declined to approximately $301. If the psychological $300 level is broken, a move toward $295–290 should be expected. However, as previously noted in Apple under pressure as investor skepticism grows, moderate buying interest may emerge on dips.
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