00:00Apple topped Wall Street expectations with its strongest June quarter ever,
00:04fueled by robust iPhone demand and double-digit revenue growth.
00:08Even so, investors focused on rising component costs,
00:12AI spending plans, and warnings of supply constraints, sending shares lower after the
00:17report. Tim Cook said Apple is expanding AI investments while sticking to its privacy-first
00:23approach and preparing for the next generation of AI-powered products.
00:27The results show Apple's core business remains strong
00:31even as the company faces mounting pressure to prove its AI strategy.
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