Stock Pulse
Apple announced new MacBook Air and iPad Air models with the M4 chip, potentially boosting sales and maintaining their premium brand image [3]. However, the company faces headwinds due to delays in incorporating key AI features into Siri until 2026, impacting iPhone upgrade decisions and leading to lowered sales projections and stock price drops [4], [5], [6], [7], [8]. Morgan Stanley lowered their price target and earnings estimates for Apple due to these delays and potential tariff impacts [7], [8]. While these challenges create a difficult short-term outlook, Apple's 2024 fiscal year showed strong Services revenue growth and improved gross margins [14]. Alibaba's upgrade to its AI assistant, Quark, may also indirectly pressure Apple to enhance its AI offerings in the Chinese market [1].