Apple claims 'tremendous' global uptake of latest iPhones

Apple's latest financial quarter saw a surge in revenue, with a 8% increase to $102.5 billion, driven by strong demand for the iPhone 16 and 17. Despite missing Wall Street's expectations due to supply issues, Apple is optimistic about the upcoming holiday season, forecasting up to 12% higher revenue. However, tariffs on Chinese goods continue to impact the company, with over $1 billion lost last quarter. Meanwhile, Amazon is also performing well, projecting sales could hit $213 billion by December, with its cloud business growing fast due to rising interest in AI. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.