Apple: Underrated Opportunity - Siri AI Can Trigger an Upgrade Cycle for 1.3 Billion Obsolete iPhones!

Since the WWDC keynote, Apple’s stock has dropped over 6% in value as the features presented for "Apple Intelligence" and "Siri AI" did not meet the short-term expectations of some market participants. Analysts at Morgan Stanley estimate the potential of the new, resource-hungry Siri assistant to create a massive need for upgrades. With around 1.3 billion iPhones in use worldwide, the hardware requirements for the AI services are lacking. The combination of accelerated iPhone purchases and upgrades in the high-margin service sector is expected...