Amid growing market concerns over a slowdown in iPhone demand, Apple's share price target has been revised downwards. JPMorgan Chase predicts a roughly 9% decrease in production for the iPhone 17 series, with limited hardware upgrades potentially dampening market enthusiasm. Furthermore, Apple's service business is anticipated to experience a deceleration in growth. Despite Apple's cautious approach to AI development, a comprehensively upgraded Siri is expected to debut in early 2026, potentially heralding fresh transformations for the company.
