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00:02Apple could lose ground in artificial intelligence even as iPhone sales remained strong, according
00:07to Deepwater Asset Management's Gene Munster.
00:10In a post on X, he warned that users who establish workflows and pay for rival AI assistants
00:15may be reluctant to switch to Siri.
00:17Munster urged Apple to move faster as competitors gain users.
00:20Deepwater Asset Management's Doug Clinton warned that Apple must move quickly to capitalize
00:25on Siri's potential before users become difficult to win over from rival AI assistants.
00:29Bank of America analyst Wamsi Mohan said,
00:32Apple's rebuilt Siri lacks persistent background tasks, broad third-party capabilities, and payment
00:37features comparable to Muse.
00:39However, analyst Dan Ives argued that Apple's more than 2.5 billion active devices give it
00:44an advantage in the consumer AI market.
00:46Shares closed 1.29% higher on Monday at $340.97 and gained 0.11% in extended trading to
00:56$341.34.
00:58For all things money, visit Benzinga.com.
