Apple's Q3 Revenue Hits Record $85.8 Billion Despite Weak China Sales
Growth driven by new iPads and services; AI initiatives set to boost future performance
- Apple's revenue grew 5% year-over-year, reaching $85.8 billion, surpassing analyst expectations.
- iPhone sales declined slightly but still exceeded Wall Street forecasts with $39.3 billion in revenue.
- China remains a challenging market for Apple, with sales dropping 6.5% to $14.7 billion.
- New iPad models contributed significantly to the revenue boost, with a 24% increase in iPad sales.
- Apple is heavily investing in its AI features, Intelligence, expected to enhance future device sales.
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