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Apple Reports Biggest Revenue Growth Since December 2021
Apple reported its strongest quarterly revenue growth since 2021, with iPhone sales jumping 13% and total revenue up 10%. CEO Tim Cook also announced increased AI investments and hinted at future acquisitions to accelerate Apple's AI roadmap. CNBC reports: "It was an exceptional quarter by any meas...
Cook said that about 1% of the company's 10 percentage points of revenue growth could be attributed to customers buying more products to get ahead of potential tariffs. The company's most important business remains the iPhone, which saw 13% growth on an annual basis during the quarter to $44.58 billion in sales. Cook highlighted growth in the company's iCloud subscriptions and said App Store revenue grew "double digits" during the quarter.
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