Shares of Apple fell 18.1% in the first half of 2025 due to delays in the release of the AI-powered Siri and strained negotiations with China.
Apple's dependency on China for iPhone production and the potential impact of U.S.-China trade relations were highlighted as concerning factors for the company.
Apple faced criticism for its struggle in the AI space, leading to delays in the Siri release and rumors of collaborating with third-party AI companies like OpenAI and Anthropic.
The acquisition of Apple design wizard Johnny Ive's startup by OpenAI and uncertainties in Apple's AI strategy raised doubts about the company's future performance and stock outlook.