Apple has reached a major milestone, surpassing $2 trillion in cumulative iPhone sales.
In its most recent quarter, the company reported a 6% increase in iPhone revenue, bringing sales to $46.22 billion.
This growth follows two quarters of declines and helped Apple beat analysts’ forecasts for revenue and profit, despite a one-time $10.2 billion tax charge tied to an EU ruling.
Without the charge, Apple’s earnings per share would have been $1.64, outpacing the anticipated $1.60.
The quarter also marked the launch of the AI-focused iPhone 16, introducing “Apple Intelligence”—a suite of AI tools designed to enhance Siri and other features.
According to CEO Tim Cook, Apple Intelligence initially offers U.S.-exclusive capabilities, with international availability set for December.
Among the tools will be an option to connect directly with ChatGPT, broadening users’ access to conversational AI.
This strategic push into AI reflects Apple’s efforts to boost global appeal and align with shifting industry trends, reinforcing the iPhone’s position at the forefront of mobile technology.
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