Apple posted second-quarter earnings and revenue that topped Wall Street expectations due to strong gains in iPhone sales and services.

Net income: $23.43 billion, compared to $21.45 billion a year ago.

Earnings Per Share : $1.57, compared to $1.40 a year ago and $1.43 expected by analysts surveyed by Yahoo Finance.

Revenue : $$94.04 billion, compared to $89.16 billion expected by analysts surveyed by Yahoo Finance.

Apple has been under pressure to catch up to rivals Google, Meta and OpenAI when it comes to artificial capabilities. While Apple touted AI as “Apple Intelligence” back in 2024, the features and capabilities promised to its devices have fallen short of expectations.

Indeed, while OpenAI, Google and Meta talk about advances to their AI models and millions of dollars the

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