Apple Introduces New AI Features for Siri
Apple (NASDAQ: AAPL) unveiled an advanced Siri AI update during its Worldwide Developers Conference, enabling Siri to remember past conversations and interact more conversationally. The update is expected to drive significant future revenue, potentially adding between $15 billion to $20 billion annually to Apple’s services revenue, currently at $31 billion.
The Siri upgrade will only be available on newer iPhone models, starting with the iPhone 15 Pro and continuing through upcoming models. This could stimulate an upgrade cycle among the 1.5 billion iPhone users globally, contributing to Apple’s over $209 billion in iPhone sales projected for fiscal 2025.
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