The formula apparently was enough to win over consumers, particularly in the United States, and deliver iPhone sales totaling $49 billion during the July-September period, a 6% from the same time last year. Apple’s stock has been on a tear since a report earlier this month from the research firm International Data Corp. telegraphed the quarterly results with a preliminary analysis that concluded the company had set a new July-September record for iPhone sales. But Apple has been widely seen as a laggard in the AI craze, one of the reasons that Nvidia — a chipmaker whose processors power the technology — became the first company to be valued at $5 trillion earlier this week.
Published at: 2025-10-30 21:40:46
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