Experts say that Apple’s demand is expected to go down

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Apple’s AI has crossed 1 year but is still lagging behind its rivals. Now, investors are calling for Apple to do something major to catch up in AI. To that end, CEO Tim Cook will be speaking at Apple’s annual Worldwide Developers Conference in California on Monday, and he is expected to address these concerns. Initially, Apple installed a base of more than 1 billion iPhones. The data on its device and its custom-designed silicon chips were advantages that would help the company become an AI leader. However, the results were pretty disappointing.  OpenAI, Google, and Meta have continued to make headway by launching new generative AI models, while Apple didn’t do much, and this can be seen in how the company spends money on new products. Apple plowed $9.5 billion into capital projects in fiscal year 2024, about 2.4% of its total income. iPhone might not be the next big thing – Apple execs weigh in Some Apple executives have shown concerns, citing that AI could make the next wave of computers better than the iPhone. “You may not need an iPhone 10 years from now,” Apple services chief Eddy Cue said in court last month in one of the government’s antitrust cases against Google. He added that AI was a “huge technological shift” that could shake up big companies like Apple. Investors were expecting a “lackluster” WWDC, according to a note from JPMorgan Chase analyst Samik Chatterjee this week.  Apple made a big mistake by announcing in early March that it would delay “More personal Siri.”  Apple advertised The feature on TV as the main reason to buy an iPhone 16. However, Apple pushed back the release date to the “coming year” and then took down the ads from TV and YouTube. Some people who bought a new…