Apple is all in on AI — its own and everyone else’s
Summary
Apple reported record annual revenue and earnings per share alongside strong fourth-quarter sales for both iPhones and Macs. The company is capitalizing on the ongoing artificial intelligence boom while keeping its infrastructure spending lower than that of its competitors.
Apple CEO John Ternus. | Photo: Bloomberg via Getty Images Apple's latest earnings show how it's continuing to capitalize on the AI boom without busting its budget on the infrastructure spending consuming its competitors. Overall, Apple posted its best-ever fiscal year for revenue and earnings per share. iPhone and Mac sales continued to grow strongly in the fourth quarter. iPhone…
Source: Read the full story at The Verge
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