Apple's iPhone sales bounce back from recent slump amid AI expansion, but stock still dips
https://apnews.com/article/apple-iphone-quarterly-results-artificial-intelligence-377452ea3345de2981ea75f62b7cc840
SAN FRANCISCO (AP) — Apple snapped out of a recent iPhone sales slump during its summertime quarter, an early sign that its recent efforts to revive demand for its marquee product with an infusion of artificial intelligence are paying off.
Sales of the iPhone totaled $46.22 billion for the July-September period, a 6% increase from the same time last year, according to Apple’s fiscal fourth-quarter report released Thursday. That improvement reversed two consecutive year-over-year declines in the iPhone’s quarterly sales.