Apple tops quarterly forecasts as Siri AI costs hit holiday margins
IOL, carrying AFP, reports Apple beat July-September sales and profit forecasts on iPhone and services, while CFO Kevan Parekh said higher memory and Siri AI costs will cut gross margin in the holiday quarter.
What's new
- IOL is now reporting this
- New headline Was: “Apple results beat Wall Street expectations on strong iPhone sales”
- Our desk filed its story
How it’s being reported
2 sourcesApple beats sales and profit expectations but AI costs weigh on holiday sales
Gives this outlet’s account of the story.
Apple results beat Wall Street expectations on strong iPhone sales
Gives this outlet’s account of the story.