Apple CEO Tim Cook dinner says the corporate is “open” to mergers and acquisitions because it “considerably” will increase its funding in AI, as reported by CNBC. Cook dinner’s statements had been made alongside the discharge of Apple’s third-quarter earnings outcomes, which revealed that the iPhone-maker raked in $94 billion between April and June, marking a ten % improve over the identical interval final yr.
The remarks come as Apple continues to be seen as behind the AI race, with its efforts on Apple Intelligence lagging relative to its friends and Meta poaching a few of its prime engineers. The corporate is more and more turning to AI startups for assist — and reviews have steered that Apple is even open to creating massive acquisitions to catch up.
When talking about AI, Cook dinner mentioned the corporate is “embedding it throughout our gadgets, throughout our platforms and throughout the corporate,” in keeping with CNBC. Although Apple has touted massive plans for an AI-enhanced model of Siri, the timing of its launch stays unsure after the corporate delayed the revamp. Apple’s SVP of software program, Craig Federighi, mentioned it simply wasn’t “dependable” sufficient to launch broadly.
Regardless of the AI hiccups, Apple’s core companies stay robust. Apple’s iPhone enterprise grew 13 % yr over yr to $44.6 billion. Mac income additionally noticed a lift, reaching $8.1 billion in income, doubtless as a consequence of Apple releasing a brand new MacBook Air in March. Income from Apple’s providers, which embrace subscriptions to issues like Apple TV Plus, iCloud, and Apple Music, noticed a 13 % improve to $27.4 billion, which Apple says is an “all-time excessive.”
There could also be different challenges coming for these companies, although. In Might, Apple mentioned that President Donald Trump’s tariffs might value the corporate at the very least $900 million through the June quarter. There’s an opportunity these prices might go even increased, as Trump has threatened Apple with a tariff of “at the very least” 25 % if the corporate doesn’t carry manufacturing to the US. Apple has already shifted a few of its manufacturing to India to lower its reliance on China, a transfer Trump isn’t a fan of.
Apple is anticipated to launch its new iPhone 17 lineup someday in September. iOS 26 ought to be launched across the similar time, delivering the “Liquid Glass” design language that has some customers divided.
{content material}
Supply: {feed_title}