Core Viewpoint - Apple Inc. is expected to sharply underperform compared to other stocks in the Magnificent 7 group, regardless of overall market trends [1] Group 1: Market Performance - Only two stocks from the Magnificent 7, Nvidia Corp. and Alphabet Inc., outperformed the S&P 500 last year, while the rest, including Apple, delivered disappointing results in 2025 [1] - Apple's stock price increased by 11% last year, compared to a 16% rise in the S&P 500, indicating a growing disconnect with market performance [6] - Over the past five years, Apple's stock has risen 83%, slightly outperforming the S&P 500's 81% increase, but this trend is seen as declining [6] Group 2: iPhone Sales and Market Share - Apple led the global smartphone market in 2025 with a 20% share and a 10% annual shipment growth, outperforming Samsung, which had a 19% market share and only a 5% growth [2] - The success of the iPhone 17 is credited for Apple's strong performance in the smartphone market [2] Group 3: Future Challenges - The appeal of the upcoming iPhone 18 is expected to be weaker, and sales of the iPhone 17 are anticipated to slow down due to delayed AI integration [3] - Apple's partnership with Alphabet to incorporate AI into its products is seen as insufficient and late, with challenges in integrating AI with Siri, which has a mixed reputation [4] - Competing AI products, such as ChatGPT and Gemini, are already popular among iPhone users, which may hinder Apple's market position [5]