Apple Needs an iPhone Sales Boost. AI Delays Are a Problem, Analyst Says. - Barron's

1. Apple delayed AI updates to Siri, impacting iPhone sales expectations. 2. Analyst predicts 230 million iPhone shipments this year, flat from 2024. 3. Revenue forecast for fiscal 2026 lowered by 5%-6%, targeting $436 billion. 4. Target price cut to $252 from $275 while maintaining an Overweight rating. 5. Apple plans significant interface changes for its devices to boost sales.