Reported 3 days ago
Apple reported fiscal third-quarter earnings that surpassed expectations, achieving a record services revenue of $27.42 billion. The company's total revenue was $94.04 billion, a 10% increase year-over-year, with net income rising to $23.43 billion. Despite challenges with iPad sales, both iPhone and Mac sales exceeded forecasts. CEO Tim Cook mentioned that Apple is significantly increasing investments in AI development, with a new AI-powered Siri expected in 2026. Additionally, Cook highlighted the financial impact of tariff-related costs, projected to affect future earnings.
Source: YAHOO