💨 Abstract

Apple reported a 10% revenue increase to $94 billion and a 9% earnings increase to $23.4 billion for its fiscal third quarter, beating analyst projections. iPhone sales surged 13%. However, tariffs and struggles in AI integration pose challenges. The company faces potential iPhone price hikes due to tariffs and has yet to deliver on promised AI upgrades, raising investor concerns about its future competitiveness.

Courtesy: WTOP Staff