Morgan Stanley: Aging iPhones to Limit Apple's New AI Siri for Over 1.3 Billion Devices
AAPL sits 53% above its 52-week low of $195.07.
Summary
Morgan Stanley reports that Apple's newly unveiled AI Siri features will be significantly limited by older devices. This analysis follows Apple's WWDC announcement of its "Apple Intelligence" AI suite earlier today. The brokerage estimates over 850 million iPhones cannot run basic AI queries and more than 1.3 billion cannot use advanced Siri features due to chip architecture and memory requirements. This poses a material challenge to the widespread adoption of Apple's AI strategy and could impact future iPhone upgrade cycles.
At the time of this announcement, AAPL was trading at $298.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.4T. The 52-week trading range was $195.07 to $317.40. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.