Tim Cook, chief executive officer of Apple Inc., during the 60th presidential inauguration in the rotunda of the US Capitol in Washington, DC, US, on Monday, Jan. 20, 2025.
Bloomberg | Getty Images
Apple is having its worst day in the stock market in months.
Shares of Apple were down 5% Thursday as reports surfaced about delays with Siri and its news app faced Federal Trade Commission pressure over political bias.
The long-awaited artificial intelligence update to the iPhone-maker’s personal assistant Siri has been internally pushed back to May and potentially later, Bloomberg reported Wednesday. The update was expected to launch within a couple weeks, but the company may roll the features out slowly over several months, the report stated.
Apple told CNBC it is still on track to launch in 2026.
On Wednesday, the Federal Trade Commission Chair Andrew Ferguson told Apple CEO Tim Cook to review the terms of service and curation policies on Apple News.
Ferguson cited recent “reports” that Apple News was promoting left-leaning news outlets while suppressing conservative content.
CNBC’s Steve Kovach contributed to this report.
