iPhone

Apple Shifts Focus: China Slump Met with AI Pledge, iPhone Future Unclear

Despite sales growth in the last quarter of the previous year, Apple CEO Tim Cook assured on Thursday that the tech giant has upcoming news related to artificial intelligence, even as the company’s shares experienced a decline. The iPhone maker forecast a drop in China iPhone sales this quarter, overshadowing earnings that beat analysts’ targets and drove overall revenue to a new record of $63.9 billion. That prompted Apple’s stock to slump more than 3% in after-hours trading. The tech