Apple Q3 results: Profit up 2.3%, iPhone sales drop 2.4%
technology companies. “We've been doing research across a wide range of AI technologies, including generative AI, for years. We're going to continue investing and innovating and responsibly advancing our products with these technologies to help enrich people's lives," Cook said.
"Obviously, we're investing a lot, and it is showing up in the R&D spending that you're looking at." According to Reuters, Cook said that AI would show up in Apple products as new features. One such feature, he said, will be the iPhone's ability to transcribe voice mail messages in real time, starting this autumn. Cook also told Reuters that Apple's iPhone sales in China grew by “double digits" and that sales were also high in other segments in China.
Apple’s sales in greater China region rose to $15.76 billion from $14.60 billion in last year's same quarter. Apple's services segment revenue stood at $21.21 billion in the reported quarter. Apple now has 1 billion subscribers on its platform, which includes both Apple services and third-party apps, up from 975 million a quarter ago, said Cook.
Read more on livemint.com
