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The Vergeby Rani Molla
Original published:

Apple is all in on AI — its own and everyone else’s

Apple is all in on AI — its own and everyone else’s
AI summary
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Apple's latest earnings show a strategy of capitalizing on the AI boom while avoiding massive infrastructure spending, resulting in record-high revenue and EPS.

Key points

  • •The company 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 revenue rose 17.5% year-over-year.
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#Major Players#AI Companies & Funding#Apple

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