Apple faces multiple challenges including lagging position in artificial intelligence, tariffs, legal risks, and stock decline ahead of WWDC.
Investors are concerned as Apple's stock has dropped 20% since the beginning of the year, marking its worst performance before WWDC since at least 2010.
Apple's AI offerings are perceived to be lacking behind peers, with Siri still awaiting promised AI improvements, impacting iPhone revenue growth expectations.
The upcoming Worldwide Developers Conference is unlikely to alleviate concerns about Apple's AI capabilities, as the company faces criticisms and challenges across various fronts.