Investors pay close attention to tech company’s foray into AI after Apple Intelligence’s glitches and inaccuracies
Apple slightly beat analysts’ expectations in its first-quarter earnings for fiscal year 2025 on Thursday. The iPhone-maker’s revenue rose by 4%, coming in at $124.30bn, barely above estimates of $124.12bn. Earnings per share were $2.40, just ahead of analysts’ expectations of $2.35.
Shares rose more than 8% in extended trading after Apple’s CEO, Tim Cook, indicated in an earnings call on Thursday that the company was on the trajectory for revenue growth next quarter.
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