Apple Intelligence

Apple reported revenues that narrowly surpassed analyst expectations as it enjoyed a boost from iPhone sales.

The company saw quarterly revenue of $94.9 billion in the three months ending September 28, up from the same period last year.

Revenue in greater China, however, showed weakness, falling slightly from the same period a year earlier to $15 billion.

New models of the Apple iPhone 16 are displayed after Apple's "It's Glowtime" event in Cupertino, California, Sept. 9, 2024.

Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales and show it is keeping up in the technology race.