US EditionApple Posts Strong Quarterly Results as CEO Transition & AI Strategy Take Center Stage
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Apple published higher-than-estimated results for the second quarter of its staggered fiscal year (closed at the end of March), thanks in particular to the good performance of iPhone's sales. Net profit was $29.6 billion, up 19% over one year, according to a news release.
Apple surprises with record results and at the same time announces a change of leadership that brings fresh air to the executive floor. Despite rising costs and delivery problems, the tech giant remains on a growth course and relies on new AI innovations as well as possible billions of returns.
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