Apple Inc.’s (NASDAQ:AAPL) long-awaited unveiling of Siri AI at its Worldwide Developers Conference (WWDC) drew mixed reactions from Wall Street, with some analysts applauding the vision while others questioned whether the company can deliver the technology on the timeline investors expect.
Siri AI Powered By Apple Intelligence
At WWDC on Monday, Apple introduced a revamped Siri powered by Apple Intelligence, describing it as a more capable and conversational assistant that can understand personal context and perform actions across apps.
During a demonstration, Apple executives showed Siri helping users find directions to a location featured in an Instagram post, highlighting the assistant’s deeper understanding of on-screen content and app functionality.
The company said Siri AI will be available to developers in beta immediately, while consumers will gain access through a software update later this year.
Gene Munster Raises Questions About Apple’s AI Execution
While the announcement showcased Apple’s AI ambitions, Deepwater Asset Management’s managing partner Gene Munster expressed skepticism about the rollout timeline.
“Apple showed plans for a new Siri AI that consumers will love. They failed to answer the key question: Do they have the AI chops to deliver?” Munster wrote on X.
He added that his expectation for a launch has shifted significantly, saying, “My guess is that we’ll see Siri AI in mid-CY27, versus previous expectations for the fall of this year.”
In a separate post, Munster suggested investors were disappointed that Siri AI would arrive in beta rather than as a fully realized product this fall.
He argued that the “real version” could take until early to mid-2027 to reach users.
Apple shares closed Monday at $301.54, down 1.89% and slipped a further 0.29% to $300.67 in premarket trading, according to Benzinga Pro.
Jim Cramer Remains Bullish On Apple
Not everyone shared those concerns.
CNBC host Jim Cramer offered a much simpler reaction, posting on X: “Still liking Apple.”
In the past 12 months, Apple shares have been up 49.68%, while in the past six months, they have been up by 8.79%.
Tim Sweeney Slams Apple’s AI Ecosystem
During the event, Apple said Siri AI will not launch in Europe and China due to regulatory issues.
The feature will roll out to developers in beta starting Monday, with broader consumer access expected this fall on newer devices alongside a software update and new hardware.
Epic Games CEO Tim Sweeney criticized Apple on X, arguing the iPhone would be “much better” if AI assistants could compete in a free market instead of being restricted within Apple’s ecosystem.
According to Benzinga Edge Stock Rankings, Apple ranks in the 98th percentile for Quality, indicating strong performance across short, medium and long-term time horizons.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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