New Delhi, June 15 -- Apple's highly anticipated developer conference this year has not only disappointed reviewers and equity markets, but also raised many disturbing questions. One, it has raised anxieties over the future viability of the iPhone manufacturer. More importantly, it highlights the divergence between what is good for society versus what is good for the stock market, belying the benign and popular perception of the role that equity markets play in society.

Apple's developer conferences, called WWDC25 this year, are usually a marquee event in the tech world, providing independent developers and tech analysts an inkling of the company's progress with hardware and software. At WWDC25 on 9 June, Apple executives were able to sh...