Apple's fourth quarter results were mixed, but services revenue topped the $100 billion in annual revenue. The results were better-than-expected.
Apple's third quarter results were better-than-expected as the company delivered 10% revenue growth from a year ago.
Apple needs to jump start its AI strategy and the only way it's going to get there is through acquisitions. Here's why a purchase of Perplexity makes sense and why Apple may want to keep shopping.
Apple said Jeff Williams, chief operating officer, will retire at the end of the year and Sabibh Khan, senior vice president of operations and architect of the company's supply chain, will take over this month.
Apple executives acknowledged at the company's Worldwide Developer Conference (WWDC) that Apple needs more time to make Apple Intelligence work well. In the meantime, Apple executives outlined Liquid Glass, a redesign that'll flow through Apple devices.
Apple reported better-than-expected for its fiscal second quarter as iPhones, Macs and iPads sold well.
Apple's first quarter results were better-than-expected as Mac, iPad and services revenue gained from a year ago. But iPhone revenue was down from a year ago as were wearables. China sales also took a hit in the first quarter.
With the results, Apple allayed some fears about iPhone sales. iPhone revenue was $46.22 billion in the fourth quarter ahead of expectations. However, Mac, iPad and services revenue fell short of what many analysts were expecting.
Kevan Parekh, vice president of financial planning and analysis at Apple, will become CFO.
CEO Tim Cook said Apple is also spending heavily on generative AI. "We continue to invest significantly in the innovations that will enrich our customers' lives, while leading with the values that drive our work," said Cook.
OpenAI has built momentum by closing a big partnership with Apple, a channel deal with PwC and a series of enterprise wins. These events put an exclamation point on the enterprise traction that OpenAI is seeing directly and raise a big question: Will OpenAI eventually compete with its primary investor Microsoft?
