Apple AI Upgrade Won’t Come This Year, UBS Says. What It Means for the Stock. - Barron's
1. Apple struggles to convince Wall Street on device innovations. 2. AI updates for Siri delayed, dampening purchase expectations. 3. iPhone upgrade cycle duration increased to 37 months. 4. Less than 30% of non-China users consider switching from iPhone. 5. Potential foldable iPhone release expected by end of 2026.