Apple shares fell 1.8% after WWDC unveiled on-device generative AI features and a 40% faster Neural Engine with Core ML 4 support. Investors were disappointed by the absence of a dedicated AI accelerator chip and delayed rollout timelines for key AI capabilities.
Apple shares declined 1.8% in the session following WWDC, trimming over $50 billion off its market capitalization as investors reacted to the event’s AI announcements. Trading volume spiked 25% above the 30-day average, reflecting heightened investor scrutiny.
At WWDC, Apple introduced on-device generative AI for Photos and Messages, an upgraded Neural Engine delivering 40% faster inferencing, and Core ML 4 APIs for developers. The company highlighted enhanced Siri intelligence, offline voice processing, and new developer frameworks for custom machine-learning models.
Analysts noted the absence of a dedicated AI accelerator chip in the keynote, pushing back expectations for Apple’s custom AI silicon to late 2027. Concerns over extended timelines for key AI features weighed on sentiment, with some forecasting a 5% EPS drag in fiscal 2026.
Apple plans staged rollouts of AI features in iOS 18 and macOS 15 through next year, aiming to monetize advanced services. Investors will watch upcoming quarterly reports for signs of AI-driven revenue growth in services and hardware upgrades.
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