Apple has already factored in Apple Intelligence vaporware’s underwhelming ability to drive iPhone sales – Ming-Chi Kuo

Apple Intelligence has so far been mostly vaporware and gimmicks
Lately, market sentiment has taken a noticeably cautious turn when it comes to iPhone shipments and Apple’s much-hyped “Apple Intelligence,” particularly with respect to Siri. Analysts and investors, once bullish on the promise of groundbreaking AI advancements, are now tempering expectations as shipment forecasts soften and skepticism grows around the tangible impact of Apple’s AI initiatives.
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