Apple’s WWDC Surprise: Siri Delay Sparks $75 Billion Market Shake-Up

Apple’s highly anticipated Worldwide Developers Conference (WWDC) kicked off with a shocker—and Wall Street reacted immediately. Within just six minutes, Apple’s stock took a dramatic nosedive, plunging over 2.5%, wiping out approximately $75 billion in market value.

The Cause? Siri’s AI Upgrade Delay

Apple’s software chief Craig Federighi took the stage with an awkward revelation: the major Siri AI upgrade, expected to be a centerpiece of the event, wouldn’t be ready until next year. For an audience eager to see Apple’s response to the booming AI revolution, this news landed like a bombshell.

Why Investors Reacted Instantly

Apple has been under mounting pressure to show significant AI advancements, especially with competitors like Google and OpenAI making aggressive strides in the space. Investors had hoped Apple would unveil a game-changing AI integration, particularly in Siri—a feature that has long been seen as lagging behind its rivals.

The disappointment wasn’t just about the delay—it was about the perceived lack of urgency. As AI-powered assistants evolve at a rapid pace, Apple’s failure to deliver a major breakthrough right now raised concerns about its ability to compete in the AI race.

What’s Next for Apple?

Apple still has the rest of WWDC to prove itself, but the initial market response suggests investors weren’t impressed. The question now is: can Apple recover from this shaky start by unveiling something truly groundbreaking before the conference ends?

Or is this just another sign that Apple’s AI ambitions are falling behind? What do you think—is this a minor delay, or a serious strategic misstep?