Apple Unveils Siri AI, 30% Speed Gains; Wedbush Sees $75–$100 Upside
AAPL•Apple introduced its Apple Intelligence platform at WWDC, featuring on-device and Private Cloud Compute Siri AI with context understanding and app actions. The company touted 30% faster app launches, 70% faster photo loads and up to 80% AirDrop speed gains, while Wedbush forecasts a $75–$100 stock upside.
1. AI Platform Launch
At WWDC, Apple rolled out its new Apple Intelligence platform built on Gemini foundation models, delivering Siri AI powered by on-device processing and Private Cloud Compute. The updated Siri features context awareness, app actions and a dedicated interface to support full conversational interactions.
2. Performance and Privacy Enhancements
Apple highlighted system-wide optimizations including 30% faster app launches, 70% faster photo loading, up to 80% faster AirDrop and five times quicker file transfers. The company emphasized user privacy through data execution only at the user’s request and robust guardrails across AI-enabled features.
3. Wedbush Valuation Outlook
Wedbush analysts project that AI-driven services could add $75 to $100 per share to Apple’s valuation, reflecting anticipated monetization across its 2.5 billion iOS user base. They view the new platform as a catalyst for recurring revenue growth and premium multiple expansion.
4. Stock Reaction and Leadership Transition
Following the announcements, Apple shares dipped about 1.3% as investors digested the long-term AI strategy. The WWDC event also marked CEO Tim Cook’s final developer conference and a symbolic handoff to hardware chief John Ternus to lead the next innovation chapter.
