Apple Shares Rise Despite AI Threats to App-Store Dominance

Apple's stock price rose to $332.25 on October 2, despite concerns that AI agents could threaten its App Store and services businesses.

Analysts warned that consumer AI agents could reduce the need for individual apps as they handle shopping and searches.

However, Apple's momentum continues with a 16% revenue increase to $109.4 billion in its fiscal third quarter, with Services delivering a record-breaking $45.8 billion in June.

The introduction of Siri AI at WWDC26 provides Apple with a potential way to keep users within its ecosystem as assistants take on more tasks.