Apple raked in £100billion within the remaining three months of final 12 months – or greater than £1billion a day – because the iPhone maker continued its push into synthetic intelligence.
In a turbulent week for US tech, the Silicon Valley big final evening posted a 4 per cent bounce in gross sales for the three months to December.
The report income got here throughout Apple’s most essential quarter, which included Christmas and the primary full three-month interval of latest iPhone gross sales.
And it comes after Silicon Valley was rocked this week by the launch of an AI chatbot developed by Chinese language agency DeepSeek.
Traders had been spooked by claims it might compete with US rivals together with Chat GPT for a fraction of the associated fee.
The debut sparked a tech selloff, with Nvidia setting a report for the largest one-day market capitalisation drop when almost £500billion was wiped off its worth.
Powering on: In a turbulent week for US tech, Apple posted a 4% bounce in gross sales for the three months to December
The rout was described as a ‘wake-up name’ for US tech by President Donald Trump. However Apple was one of many few tech shares to see its shares rise.
It has not pumped as a lot cash into AI as Meta, Microsoft and Google, and analysts mentioned the emergence of DeepSeek might present a possibility.
Apple’s AI instruments for the iPhone launched for some customers final 12 months however have been beset by glitches.
The outcomes got here the day after Microsoft, the most important investor in ChatGPT proprietor OpenAI, posted a 12 per cent quarterly gross sales increase to £56billion and Fb proprietor Meta reported revenues of £39billion.
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