Apple AAPL shares fell 4.4% on Tuesday, a day after the company unveiled a series of artificial intelligence initiatives at its annual Worldwide Developers Conference (WWDC). The decline put the stock on track for its worst daily performance since February.
Apple (NASDAQ:AAPL | AAPL Price Prediction) finally put its rebuilt Siri on the WWDC stage on Monday, June 8, and the market verdict was swift.
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Apple shares fell after the company revealed new artificial intelligence software at WWDC. Analysts reacted positively to Apple's announcements and praised the Siri improvements.
Apple is warning developers that some of their apps may not be able to call the App Store home forever. In its newly refreshed App Review Guidelines released this week, the tech giant said it may begin removing apps in certain well-established categories if they're not “updated, improved, or attracting customers.
For the first time, Apple will allow developers to partner with one another to offer subscription bundles through the App Store that would give users access to multiple apps at a lower price than if they subscribed to each separately.
Apple Inc. NASDAQ: AAPL started the week with an almost-perfect setup. Multiple quarters of solid results, a market that's been steadily repricing the stock higher on AI optimism, and bullish expectations for what would be announced at its annual Worldwide Developers Conference (WWDC), which is running June 8-12.
While Apple has not innovated any products that have changed the world like the iPhone did in January 2007 when Steve Jobs made the announcement in his trademark black turtleneck sweater, the annual WWDC still generates significant improvements in software and device functionality.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Apple's (NASDAQ: AAPL | AAPL Price Prediction) new Siri upgrade won't work in the EU or China for now.