On November 1st, Apple (AAPL. O) reported solid revenue growth in its fiscal fourth quarter. The company is optimistic that new artificial intelligence features will drive hardware sales to grow ahead of the holiday sales season. Fourth-quarter revenue rose 6% year-on-year to $94.90 billion, slightly higher than the consensus estimate of $94.40 billion. Diluted earnings per share were $0.97 after the company took on a one-time tax charge of $10.20 billion due to a European Union ruling earlier t...
Due to the European Union Digital Markets Act, Apple (AAPL. O) will not launch artificial intelligence features in the European Union this year.