Apple's highly anticipated artificial intelligence feature, Apple Intelligence, took center stage at the company's annual iPhone event.
Investors may be disappointed by the slow rollout of Apple Intelligence, with the necessary software update not accessible to U.S. English users until October.
Shares of Apple stock didn't show much movement after the iPhone 16 reveal, with a slight decrease during the event and a minor increase over the following three days.
Historically, Apple stock tends to perform better months after the launch day, with previous iPhone releases showing notable gains in the following weeks and months.