Citi sees low investor expectatoins into Apple WWDC

Citi sees low investor expectatoins into Apple’s (AAPL) worldwide development conference scheduled to begin on June 9. The event is expected to reveal the company’s latest software updates for iPhone, iPad, Mac and other products, and also new features for Apple Intelligence, the analyst tells investors in a research note. The firm says that while the delayed release of AI powered personalized Siri features to 2026 has been a drag on the stock, Apple remains well positioned with its full stack approach to participate in the era of personal AI server devices. Citi keeps a Buy rating on Apple with a $240 price target