Understanding the Market | Apple concept stocks collectively declined, COWELL fell over 4%, WWDC may not discuss much about Siri upgrade topics
Apple concept stocks generally fell, with COWELL dropping over 4%. Market analysis indicates that Apple may not focus on discussing Siri upgrades at WWDC, and its artificial intelligence strategy faces challenges. Reports suggest that Apple's software chief is cautious about investing in AI technology, and the iPhone 16 series has not met sales expectations in the Chinese market, with a significant decline in shipments
According to the Zhitong Finance APP, Apple concept stocks collectively fell. As of the time of writing, COWELL (01415) dropped 3.89% to HKD 22.25; Sunny Optical (02382) fell 3.72% to HKD 63.35; Q Technology (01478) decreased by 2.02% to HKD 7.27; BYD Electronics (00285) declined 1.59% to HKD 34.1.
On the news front, it was reported that in a lengthy report on Apple's artificial intelligence strategy released today, technology journalist Mark Gurman detailed many strategic missteps of Apple Intelligence. Gurman stated that Apple is unlikely to spend much time discussing Siri at this year's WWDC, including future upgrades and features that were announced at last year's WWDC but later postponed. The report indicated that Apple's software chief Craig Federighi is not very confident in artificial intelligence. He expressed "hesitation" about the significant funds invested in this technology and does not consider it a "core capability."
It is reported that since the release of the iPhone 16 series in September 2024, it has been continuously impacted by domestic brands such as Huawei, with sales falling short of expected targets. Market research firm Canalys data shows that in the fourth quarter of 2024, Apple's smartphone shipments in China plummeted by 25%, dropping to 13.1 million units. Coupled with the limitations of Apple's AI features in adapting to the Chinese market, the issue of sluggish growth in its high-end models has become increasingly prominent
