On July 31, local time, Apple released its quarterly earnings report ending June 28. Revenue far exceeded Wall Street expectations, and the stock price rose nearly 3% after the market. However, Apple is facing the impact of uncertain tariffs. Apple CEO Cook told analysts on a conference call that tariffs have caused Apple to lose 800 million US dollars during the quarter and may increase costs by 1.1 billion US dollars this quarter. Apple's revenue for the quarter was US$94.04 billion, up nearly 10% year over year. Among them, iPhone sales increased 13.5% to $44.58 billion. Apple's sales in Greater China reached 15.37 billion US dollars, up 10% year on year, reversing the previous decline in sales. Apple's chief financial officer Kevin Parek expects revenue to reach 98.04 billion US dollars next quarter. Although many Apple products have now been exempted from tariffs, these products may eventually face taxation, which affects sales, including in the US. Although Apple has never announced major acquisitions or plans during the earnings call, Cook said that Apple has acquired about 7 companies so far this year, but not all of them are focused on the AI field. He also said that Apple has been seeking to acquire companies of any size to help them develop AI products.

On July 31, local time, Apple released its quarterly earnings report ending June 28. Revenue far exceeded Wall Street expectations, and the stock price rose nearly 3% after the market. However, Apple is facing the impact of uncertain tariffs. Apple CEO Cook told analysts on a conference call that tariffs have caused Apple to lose 800 million US dollars during the quarter and may increase costs by 1.1 billion US dollars this quarter. Apple's revenue for the quarter was US$94.04 billion, up nearly 10% year over year. Among them, iPhone sales increased 13.5% to $44.58 billion. Apple's sales in Greater China reached 15.37 billion US dollars, up 10% year on year, reversing the previous decline in sales. Apple's chief financial officer Kevin Parek expects revenue to reach 98.04 billion US dollars next quarter. Although many Apple products have now been exempted from tariffs, these products may eventually face taxation, which affects sales, including in the US. Although Apple has never announced major acquisitions or plans during the earnings call, Cook said that Apple has acquired about 7 companies so far this year, but not all of them are focused on the AI field. He also said that Apple has been seeking to acquire companies of any size to help them develop AI products.