Posted on 06/09/2025 11:09:38 AM PDT by E. Pluribus Unum
CUPERTINO, Calif. (AP) — After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday at its annual Worldwide Developers Conference.
The presummer rite, which attracted thousands of developers from nearly 60 countries to Apple’s Silicon Valley headquarters, was more subdued than the feverish anticipation that surrounded the event during the previous two years.
In 2023, Apple unveiled a mixed-reality headset that has been little more than a niche product, and last year WWDC trumpeted its first major foray into the AI craze with an array of new features highlighted by the promise of a smarter and more versatile version of its virtual assistant, Siri.
Apple had intended the planned Siri upgrade to herald its long-awaited attempt to become a major player in the AI craze after getting a late start in a phenomenon that so far has been largely led by OpenAI, Google, Microsoft and an array of cutting-edge startups.
“This work needed more time to reach our high-quality bar,” Craig Federighi, Apple’s top software executive, said Monday at the outset of the conference.
(Excerpt) Read more at apnews.com ...
>> “This work needed more time to reach our high-quality bar,” Craig Federighi, Apple’s top software executive, said Monday
Maybe you should spend less time drinking in high-quality bars, Craig...
maybe Craig should realize his company is growing earnings at low-single digit rates, yet his company’s share price is trading at a 30x+ forward P/E.
Siri sucks balls. Two of my die hard iPhone kids say they are getting Pixels, because Gemini runs circles around Apple right now.
>> his company is growing earnings at low-single digit rates, yet his company’s share price is trading at a 30x+ forward P/E
Why? What could go wrong? 🤣
I see where Apple is no longer king of the hill when it comes to market cap. Wonder why? ;)
Nvidia is much bigger now, and Microsoft is even bigger than Nvidia, but not by much.
Google is a relative ‘also ran’ and Amazon leads Google in market cap.
When the AI dust settles, Nvidia will come back down to Earth, and stock values for many of those corporations will also drop.
Apple’s WWDC Keynote was underwhelming, to say the least - stock dropped like a rock right after Keynote ended.
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