Now, all this Apple is lagging behind in the AI game, just because they don't have an LLM on par with the best LLMs out there are a bit tiresome. 1) The LLM are mostly a parlor trick at the moment, that can be both entertaining and useful, but are far from reliable, and 2) Apple have been in the AI game for a long, long time, but mostly focused on the Machine Learning aspect of it (and whatever they were doing in Project Titan).
Also, Apple under Tim Cook has risen to the top, being consistently the mot valuable company in the world (or very close to the top), so they are doing most things right.
But...for all companies and others: "You're only as good as your last big hit."
Apple last BIG hit, IMHO, was the transition to M* chips for the Mac, and that's going on 5 years now, so they should be up for another soon...
I also agree with Gruber on one important point, it was a HUGE mistake of Apple to not only tease a better, more personalized, context-aware Siri now, which in itself would be bad. But then to actively advertising it when they cannot show it working in any form, is a potential disaster.
I still think Apple can come back from this and turn it into a victory, long term. But if they cannot show off a personalized Siri, at least in the Level 1 one-on-one demo by Apple reps on Apple controlled hardware, on the coming WWDC, they could face a long term loss of credibility and good-will.