Apple's product upgrade cycle disappoints investors significantly

Apple's recent ambitions for its product lineup have not gone as planned. After announcing its new "Apple Intelligence" at a conference last year, the company expected a significant surge in iPhone sales. However, the announcement lacked live demonstrations, leading to uncertainty among investors. Many on Wall Street believed that Apple was entering a period of strong iPhone upgrades. This optimistic forecast initially pushed Apple's stock price up to $260. Yet, since then, the excitement has faded, and the dream of a super-cycle is turning into a challenge. The company's growth has slowed, and analysts are questioning its future prospects. Without clear evidence of the expected improvements in products, investor confidence is shaky. Apple faces pressure to deliver more innovative features to revive interest in its devices. Overall, Apple’s recent strategies have not met the high expectations set last year. The focus now shifts to how the company will navigate these challenges moving forward.