Reported 2 months ago
Apple Inc. forecasts that new AI features will drive iPhone upgrades in the coming months, as the company addresses a sales slowdown, particularly in China. CEO Tim Cook remarked on a conference call that these AI capabilities will revitalized upgrade cycles, despite a small dip in sales from China. While Apple reported a 5% revenue growth in Q3, the iPhone's performance slightly surpassed expectations at $39.3 billion. With the AI features set to launch in October and a new wave of iPads already boosting sales, Apple aims for continued growth against a challenging market backdrop.
Source: YAHOO