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Apple (AAPL) stock is under pressure as the iPhone maker's Worldwide Developers Conference (WWDC) kicks off — the company's annual developer conference.
Yahoo Finance Tech Editor Dan Howley joins Market Domination from Apple's Cupertino, California campus to share his takeaways from the conference thus far and from Apple CEO Tim Cook's keynote address.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Apple's Worldwide Developers Conference kicking off today. Let's get out to Cupertino, California for more with Yahoo Finances Dan Howley.
Yeah, Josh, we're here at uh Cupertino's uh Apple's campus in Cupertino, California. They just wrapped up their WWDC keynote where Tim Cook uh took the stage. The big announcements out of the show, a whole new redesign for the operating systems that support Apple's products. That's iOS, which runs the iPhone, Mac OS, iPad OS, watch OS. They're all getting a new design that resembles kind of glass. Now, this is going to be kind of the the thing that Apple is is leaning on to help boost sales of of its phones when it comes out. They renamed all of their operating systems. Now, it's no longer iOS 19 or 18. It's going to be iOS 26 based on the year that it's mostly out. It'll come out later this year, but it'll mostly be out in 2026. Uh one of the other big announcements is that the iPad now is actually truly useful as a laptop replacement. So, that's a huge change uh from Apple. The the one downside, though, is that there were very few major AI updates. Now, they wove Apple intelligence, their AI platform throughout the the uh presentation, but didn't really give us a huge splashy announcement like we saw at Google IO or or Microsoft's build. Now, uh they've mentioned Siri and how they're still working on that, trying to update that and bring it uh to life, the the more personalized Siri that's got generative AI power, but we didn't see that. Uh they did have some uh generative AI announcements that were interesting, but it'll be uh we'll we'll have to see what Wall Street says uh as they digest the news and and kind of take into account the fact that they're they're still not ready for that next generation Siri yet.