Shares of $Apple(AAPL.US) down 1.2% (vs the Nasdaq down 0.3%) on Gurman’s reporting that the new Siri is further delayed by 3-7 months underscores how low of a bar investors have on Apple Intelligence’s potential.
If investors had high expectations around the new Siri, the stock would’ve been down much more.The bottom line is Apple Intelligence continues to hold optionality value for AAPL investors. I believe they’ll eventually get it right and be a key beneficiary of what will be a significant personalized AI opportunity.Source: Gene Munster
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