Apple's Earnings Beat, AI Excitement, App Store Crackdown, And More: This Week In Appleverse
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) had a dynamic week with Q3 earnings surpassing expectations, excitement over AI capabilities, a crackdown on App Store fees, a new vehicle camera system patent, and news about the iPhone 16 models missing initial AI features.
August 04, 2024 | 1:26 pm
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Apple's Q3 earnings surpassed expectations, but shares fell 1.08% in after-hours trading due to modest performances in China and the Mac sector. CEO Tim Cook expressed excitement over AI capabilities, and the company is tightening App Store fee policies.
Apple's strong Q3 earnings report is a positive indicator, but the slight dip in share price reflects concerns over specific segments. The CEO's enthusiasm for AI and the crackdown on App Store fees could drive future growth.
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