Apple Reports Q4 Earnings Amidst Tax Charge and AI Prospects

Apple's earnings report reveals a rise in iPhone sales despite a significant tax charge, impacting stock performance but highlighting AI advancements.

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Overview

A summary of the key points of this story verified across multiple sources.

Apple's Q4 earnings indicate a 6% rise in iPhone sales, attributed to new AI features, despite a $10.2 billion tax charge affecting profits. Revenue reached $94.93 billion, surpassing forecasts as services revenue grew. CEO Tim Cook noted upcoming AI features aiming to enhance user upgrades, while competition in China remains a challenge. Meanwhile, Amazon recently reported strong earnings driven by cloud computing growth, highlighting the tech landscape's competitive nature.

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