--- title: "Siri's biggest restructuring in fifteen years! Apple is gearing up for \"agent-type AI\" at next week's WWDC, major banks are calling out: valuation repricing is imminent" type: "News" locale: "en" url: "https://longbridge.com/en/news/288358213.md" description: "Apple WWDC 2026 will open next week, and iOS 27 will receive a significant AI upgrade. The core highlight is the largest restructuring of Siri in 15 years, which is set to be upgraded to an \"AI assistant\" with continuous conversation capabilities and become an independent application. In addition, Apple Cash will introduce a bill-splitting feature. Citigroup believes that the Siri upgrade will unlock agent-type AI, aiding in Apple's valuation re-rating" datetime: "2026-06-02T03:22:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288358213.md) - [en](https://longbridge.com/en/news/288358213.md) - [zh-HK](https://longbridge.com/zh-HK/news/288358213.md) --- # Siri's biggest restructuring in fifteen years! Apple is gearing up for "agent-type AI" at next week's WWDC, major banks are calling out: valuation repricing is imminent According to Zhitong Finance APP, Apple Inc. (AAPL.US) has been active recently, with the Apple Worldwide Developers Conference (WWDC 2026) officially kicking off next week. The upcoming iOS 27 operating system will feature significant AI upgrades. Reports indicate that Apple also plans to introduce a bill-splitting feature in the latest update of its Apple Cash. Insiders say that this feature will allow users to take photos of receipts, allocate different items or expenses to different individuals, and then automatically send payment requests. This update is expected to be included in iOS 27 and is likely to be officially unveiled at the WWDC next week. Other anticipated updates for iOS 27 include an upgraded Siri, AI-driven photo editing tools, and a Siri camera mode. The Apple Worldwide Developers Conference (WWDC 2026) will be held from June 8 to 12, Pacific Time. Various forecasts suggest that this will be another strategically significant release for Apple following last year's major introduction of the "liquid glass" design language. One of the core highlights of this conference is the potential release of the most significant update to Siri in 15 years. According to financial journalist Mark Gurman, Apple plans to undertake the most thorough reconstruction of Siri since its inception, upgrading it from a traditional voice assistant to an "AI secretary" capable of continuous conversation, and launching a standalone Siri application to compete directly with mainstream chatbots like ChatGPT. Citigroup Research also believes that the revamped Siri will be the biggest highlight of this conference. Citigroup analysts stated in an investment report: "Apple has a user base of over 2.5 billion active devices and a tightly integrated ecosystem encompassing self-developed chips, software, and services, putting it in a uniquely advantageous position to capitalize on the turning point of Edge AI." The firm stated, "We believe that a substantial upgrade to Siri will be key to unlocking the potential of 'agent AI.' Early signs—such as strong demand for Mac Mini due to emerging agent AI application scenarios like OpenClaw—have already indicated that even if AI applications have not yet become widespread among the broader iPhone and iPad user base, Edge AI has begun to drive incremental hardware demand." Citigroup added, "Beyond hardware, this also signifies considerable service business opportunities. As agent AI capabilities gradually mature, Apple can monetize through higher-value software layers, developer tools, and AI-driven services embedded within its ecosystem." Several Wall Street firms believe that the upcoming WWDC conference is likely to be a key catalyst for re-evaluating Apple's stock price. Morgan Stanley analyst Eric Wu reiterated his "overweight" rating on Apple with a target price of $330, believing that WWDC 2026 is an important turning point for Apple to be repositioned by the market as an "AI winner." A successful AI strategy could push Apple into a higher valuation range, with target prices potentially reaching $365 to $385 in a bullish scenario, and even up to $440 in an optimistic scenario Morgan Stanley believes that a smarter and more capable Siri, along with the Apple Intelligence ecosystem covering a vast device base, will transform Apple from a pure hardware giant into an AI platform with scale advantages. In terms of AI capabilities, Apple has officially partnered with Google to obtain the architectural authorization for the Gemini model. The underlying reasoning capabilities of the new Siri will be supported by Gemini, supplemented by Apple's self-developed private large language model, adhering to the technical route of "device-side first, privacy-centric." Most daily reasoning tasks will be completed on local chips, with secure calls to Apple's private cloud computing resources only for complex tasks. On the financial front, Apple recently delivered a comprehensive and better-than-expected report card. In the second quarter of fiscal year 2026 (ending March 28), the company achieved total revenue of $111.184 billion, a year-on-year increase of 17%, surpassing analysts' average estimate of $109.7 billion; diluted earnings per share reached $2.01, a year-on-year increase of 22%, also setting a new historical high for the March quarter. Net profit was $29.578 billion, a year-on-year increase of 19%, and the overall gross margin further improved to 49.3%, an increase of 2.2 percentage points year-on-year. On the same day as the earnings report, Apple's board announced an additional authorization for a $100 billion stock repurchase plan and raised the quarterly dividend from $0.26 to $0.27, an increase of about 4%. This is another important measure by Apple to continuously strengthen shareholder returns over the years, fully reflecting the company's high confidence in its long-term cash flow generation capability ### Related Stocks - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [AAPD.US](https://longbridge.com/en/quote/AAPD.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [AAPY.US](https://longbridge.com/en/quote/AAPY.US.md) - [APLY.US](https://longbridge.com/en/quote/APLY.US.md) ## Related News & Research - [RWQ Financial Management Services Inc. 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