Apple (AAPL) Shares Consolidate Ahead of WWDC

Apple (AAPL) Shares Consolidate Ahead of WWDC

Today, 9 June, marks the start of Apple’s Worldwide Developers Conference (WWDC) — an event that traditionally attracts significant attention from investors and traders.

It is fair to say that WWDC 2025 begins against a rather negative backdrop:

→ Since the start of 2025, AAPL stock price has fallen by 19%, and Apple has lost its title as the world’s most valuable company, now trailing behind Microsoft and Nvidia.
→ Expectations raised by last year’s conference — particularly regarding new AI features in the iPhone — were not fully realised. As Barron’s noted, in March, an Apple spokesperson admitted that the new Siri “will take longer than we thought to implement these features. We expect to roll them out next year.”

Technical Analysis of the AAPL Chart

AAPL price movements are forming a narrowing triangle pattern:

→ The red trendline highlights sustained downward pressure on AAPL shares in 2025 — partly driven by concerns over the impact of the ongoing trade war;

→ On the other hand, the area below the psychological $200 level may attract buyers willing to take on risk.

WWDC 2025 could well provide fresh hope for the bulls and prompt an attempt to break out upwards from the triangle pattern.

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