US EditionApple Surges Ahead Despite Tariff Challenges and AI Delays
NO LOC, JUL 31 – Apple CEO Tim Cook highlights AI development delays and a $500 billion US manufacturing investment while unveiling major software updates and new product plans.
- Apple Inc. exceeded analyst expectations by posting $94.04 billion in revenue in its fiscal third quarter, delivering results well above forecasts.
- The company faced headwinds including tariff-related cost increases and has delayed its AI-powered Siri improvements to 2026.
- Apple delivered record iPhone sales, growing by 13.5% to $44.58 billion, while services and Mac sales also exceeded expectations, helping offset challenges.
- CEO Tim Cook stated on the Q3 call that Apple is significantly growing AI investments, reallocating staff, and focusing on accessible AI integration across devices.
- Apple's ongoing AI delays and tariff pressures present risks, but its evolving strategy and strong product sales may bolster its market position moving forward.
11 Articles
11 Articles
Here's what Tim Cook thinks about AI replacing the iPhone
Apple's Tim Cook is pitching a bunch of new AI-powered services. Are they enough to get you to buy a new iPhone?Jeff Chiu/APApple CEO Tim Cook waved off concerns about advanced AI replacing the iPhone.Speaking on Thursday's earnings call, Cook said, "It's difficult to see a world" without iPhones.Apple has been slow to release AI features, leaving analysts mixed on its competitive edge.Apple CEO Tim Cook appears unfazed by concerns that advancem…
Tim Cook says Apple is ‘open to’ AI acquisitions
Apple CEO Tim Cook says the company is “open” to mergers and acquisitions as it “significantly” increases its investment in AI, as reported by CNBC. Cook’s statements were made alongside the release of Apple’s third-quarter earnings results, which revealed that the iPhone maker raked in $94 billion between April and June, marking a 10 percent increase over the same period last year. The remarks come as Apple continues to be seen as behind the AI…
Apple Surges Ahead Despite Tariff Challenges and AI Delays
Apple Surges Ahead Despite Tariff Challenges and AI Delays Apple Inc. delivered far stronger-than-expected fiscal third-quarter results, reporting $94.04 billion in revenue, surpassing analyst predictions. Notably, iPhone sales grew by 13.5% to $44.58 billion, alleviating some tariff-related concerns.Amidst ongoing U.S.-China trade tensions and AI development setbacks, Apple's strategic shift in production to India and Vietnam has helped maintai…
Tim Cook Says Apple is 'Making Good Progress' on Personalized Siri
In a recent interview, Apple CEO Tim Cook told Reuters that the company is "making good progress on a personalized Siri" that is powered by Apple Intelligence, although he did not provide an updated launch timeframe for the features. Cook's comment was revealed just after Apple reported record earnings results for the third quarter of its 2025 fiscal year, with revenue of $94 billion. Apple first announced the personalized Siri features during i…
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