Apple earnings live updates: Stock rises on 'unprecedented' iPhone demand, record EPS, and China rebound (www.businessinsider.com)

As Apple prepares to announce its fiscal Q1 earnings, Wall Street eyes the tech giant's AI strategy, particularly following its recent partnership with Google Gemini to enhance Siri. This collaboration has created investor buzz after contributing to a significant rise in Alphabet's stock. While analysts await detailed revelations about Apple's AI roadmap and its potential impact on revenue, concerns mount that Apple may be lagging behind competitors in the AI space, especially as its stock has seen a 7% decline year-to-date. Tech analyst Dan Ives suggests that Apple could unlock substantial value through an "AI premium" in its stock price if investors respond positively to its AI initiatives. He anticipates significant developments leading up to a much-anticipated Siri refresh in the spring and at the upcoming WWDC in June 2026. Wall Street is forecasting a revenue of $138.4 billion for Q1, with particular focus on product sales and service revenue, indicating that how Apple articulates its AI strategy could be pivotal not only for immediate earnings but also for its future market positioning and stock valuation.