Apple Shares Gain 0.3% Premarket as WWDC to Unveil Overhauled Siri
AAPL•Apple shares rose 0.3% premarket ahead of WWDC, trading near record highs with a 33.7x forward P/E and 13.3% year-to-date gain. WWDC will feature an overhauled Siri, AI-powered iOS 27 upgrades and potential software hints at foldable iPhone and Apple Glasses.
1. Premarket Trading and Valuation
Apple shares rose 0.3% in premarket trading and are trading near record highs with a 12-month forward P/E ratio of 33.7x and a 13.3% year-to-date gain.
2. Capital Expenditure and Performance Drivers
Unlike peers boosting AI capex and new data centers, Apple maintained steady capital expenditures while the iPhone 17 drove record revenue in each of the last two quarters.
3. WWDC 2026 Highlights
WWDC will feature an overhauled Siri assistant, AI-powered iOS 27 upgrades such as natural language Shortcuts and a writing assistant, plus potential hints of foldable iPhone and Apple Glasses.
4. Investor Outlook
Investors and analysts are evaluating whether AI-driven software improvements justify Apple's premium valuation and could provide catalysts for further multiple expansion.
