Apple’s AI Rollout Postponed, Insights from WWDC 2025, and Soaring App Store Revenue: This Week in the Apple Universe – Alibaba (NYSE:BABA)

Apple Inc. experienced a tumultuous week marked by significant developments. Firstly, its anticipated AI collaboration with Alibaba in China faced delays due to geopolitical tensions and regulatory challenges, coinciding with a decline in Apple’s market share in the premium smartphone sector, which fell from 70% to 47% over recent months. As the company prepares for the Worldwide Developers Conference (WWDC) from June 9 to June 13—held online from Cupertino—hype is building around potential hardware announcements, despite the event’s software-focused reputation. In a positive note, Apple’s App Store revenue surged by 4.9% month-over-month in May, marking a 13% year-over-year increase. However, a recent court ruling posed a legal set back for the tech giant, yet analysts maintain that the anticipated impact on stock prices is less severe than feared. Overall, Apple navigates challenges and opportunities as it approaches WWDC 2025.

Source link