Evercore ISI notes that Bloomberg reported that Apple (AAPL) may delay the release of its Apple Intelligence and Siri upgrades given recent “snags” in testing of the new virtual assistant. Given this report, the firm said it expects a multi-phase release of Apple’s new AI features this year, with the potential for new and upgraded Apple Intelligence features mid-year and then a complete overhaul of Siri this fall. The firm maintains an Outperform rating and $330 price target on Apple shares.
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