Apple reported record third-quarter results, but CEO Tim Cook warned of fourth-quarter supply bottlenecks caused by demand forecasting errors. Despite these supply issues, the company reached a milestone in India, where annual sales surpassed $10 billion for the first time, driven by iPhone growth. Additionally, Apple is enhancing its AI capabilities in China by providing guidance for Mac users to integrate Alibaba's Qwen AI service with Siri and Writing Tools.
In a strategic move to bolster supply chain resilience and navigate regulatory landscapes, Apple is deepening its ties with Chinese tech leaders across both hardware and software.
Read the full storyApple reached a historic $10 billion annual sales milestone in India, as the iPhone continues to drive expansion in one of the company's fastest-growing global markets.
CEO Tim Cook admitted Apple underestimated customer demand, leading to supply chain constraints and inventory shortages for the fourth quarter.