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13 hours ago

Apple posts record June quarter as iPhone sales surge; Cook weighs in on AI, China

Apple delivered its strongest June quarter on record, reporting $109.4 billion in revenue and beating analysts' estimates of $108.65 billion in the company's final earnings report before CEO Tim Cook steps down.A 22% jump in iPhone sales, combined with record spring quarter Mac revenue, helped drive the results. Tariff refunds also boosted Apple's bottom line, adding roughly 5% to profit during the period.But the earnings numbers were only part of the story. In an interview following the report, Cook addressed Apple's approach to open-source artificial intelligence, the state of U.S.-China rel...