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Apple's AI-Infused Iphone Boosts Sales In Recent Quarter

People gather near a display of iPhone 16's at the Apple Store on 5th Ave. in New York on September 20, 2024.(AP Photo/Ted Shaffrey, File)

Apple has shown signs of a rebound in iPhone sales, reporting a 6% increase in sales totaling $46.22 billion for the July-September quarter. This growth marks a turnaround from two consecutive year-over-year declines in iPhone sales. The positive performance in iPhone sales contributed to Apple exceeding analyst projections for total quarterly revenue and profit, despite a one-time charge of $10.2 billion related to back taxes.

Apple's revenue for the quarter reached $94.93 billion, a 6% increase from the previous year and slightly higher than analysts' forecasts. However, the company's stock price dipped by about 2% in extended trading following a forecast for the October-December quarter that fell short of some analysts' expectations.

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