Overview
- Apple posted a record $124.3 billion in revenue for its fiscal first quarter, driven by strong growth in its services segment despite a slight decline in iPhone sales.
- iPhone sales fell 0.8% year-over-year, with challenges in the Chinese market and limited rollout of its AI features contributing to the dip.
- China's DeepSeek unveiled an AI chatbot that rivals U.S. tech leaders at a fraction of the cost, raising concerns about tech investment strategies and sparking market volatility.
- Major U.S. and Asian markets showed mixed reactions, with chipmakers like Nvidia and SK hynix facing significant losses following DeepSeek's announcement.
- Apple's cautious AI strategy, focusing on integrating features into hardware, has shown promise, with plans to expand its AI capabilities to more languages and regions by spring.