On August 1st, Apple CEO Tim Cook stated: "We have acquired seven companies this year and are willing to accelerate our AI roadmap through mergers and acquisitions." Apple is increasing its investment in AI and integrating it into all areas of the company.
Apple is integrating AI elements into its devices, including writing and Siri features.
Apple (AAPL.O) reported revenue of $94.04 billion in the third quarter of fiscal year 2025, compared to $85.78 billion in the same period last year and meeting market expectations of $89.53 billion. iPhone product line revenue was $44.58 billion, compared to market expectations of $40.22 billion.
iPad product line revenue was $6.58 billion. Greater China revenue in the third quarter was $15.369 billion. Services revenue in the third quarter was $27.423 billion.