Apple's high-stakes September event unnerved some Wall Street analysts. The largest U.S. company announced a slew of new products Monday at its California headquarters, including new Apple Watches, AirPods and the highly anticipated iPhone 16, leveraging an artificial intelligence tool called Apple Intelligence. While the new products are largely in line with Wall Street expectations, the incident has left analysts skeptical that the new artificial intelligence tools will be able to drive the phone upgrade cycle as strongly as previously expected. AAPL 1D Mountain Apple stock price fell after September press conference “Given macro risks in China and regulatory hurdles in Europe and China, which limit the geographical coverage of AI, we believe that AI-related products will not be enough to drive huge growth in the short term. Demand. Apple fell as much as 1.9% to $216.73 in early trading on Monday, after Barclays reiterated its underweight rating and $186 price target, which would represent a drop of about 16% from yesterday's closing price. , the delayed launch of artificial intelligence also creates uncertainty for sales in the next two quarters. Toni Sacconaghi of Bernstein Company called the new product launch “more evolutionary than revolutionary.” ” and concluded that the enhanced AI capabilities were on par with current competition. UBS analyst David Vogt called the event “anticlimactic,” adding that Apple did not offer 'Killer' AI app. Wells Fargo analyst Aaron Rakers noted that the product launch provides a “positive refresh,” but it may not be enough to convince investors to buy Apple. Intelligence will be available in beta in October, but no specific timetable has been released for wider consumer availability, leaving uncertainty around what we expect the event to resolve, added MoffettNathanson's Craig Moffett, who added that Apple Intelligence will be available for free to users. That suggests it may be some time before the tool becomes an “independent” revenue driver for the company led by Chief Executive Tim Cook. On the other hand, Piper Sandler's Matt Farrell reiterated his Neutral rating and $225 price target, noting that the slow rollout of Apple Intelligence could actually dampen enthusiasm for the features. He also believes that expectations of a “super cycle” of consumers upgrading their phones to newer models are already reflected in Apple's stock price, which is down more than 8% from its peak in mid-July. Keybanc analyst Brandon Nispel said: “We view the September event as a mild negative for AAPL due to a lack of positive surprises and somewhat subdued operator promotions .