Apple's WWDC event is expected to shed light on its struggles with AI, posing an existential risk for the company with no major AI releases anticipated.
Apple's shares have declined by 19% this year, mainly due to struggles with AI and exposure to tariffs and political uncertainty.
Apple's lack of robust AI offerings puts it at a disadvantage compared to Big Tech peers like Alphabet and Microsoft, with potential competition from OpenAI.
Despite its AI struggles, Apple still offers attractive characteristics like a large user base, high-margin services business, and profitability, making it appealing to some investors.