Apple’s AI Momentum Builds as iPhone and Mac Sales Rebound
Apple's fiscal third-quarter earnings revealed a 10% year-over-year revenue surge to $94 billion, marking a June quarter record. iPhone sales drove the uptick with 13% growth, fueled by demand for the iPhone 16 family. Mac revenue climbed 15%, though iPad and wearables segments declined.
The tech giant's stock has underperformed Magnificent Seven peers amid the AI boom, gaining just 30% over three years. Yet hardware improvements and potential AI integration could reignite investor interest. Market watchers await signs of Apple's next strategic MOVE in artificial intelligence.