Apple CEO Tim Cook said the company’s Apple Intelligence AI tools would “supercharge” the iPhone 16 when he introduced the new device last month. On Thursday, the world got its first glimpse of what Apple’s artificial intelligence technology has ...

Apple's rivals Microsoft MSFT.O and Meta META.O both said this week they expect continued increases in spending to support their AI strategies. Apple said payments for property and equipment - a measure of its capital expenditures - were up $2.91 billion from the previous quarter to $9.45 billion.

After Apple announced its latest quarter earnings, AAPL shares dropped 2% after hours. It was a good sign that investors don’t expect the iPhone 16 or Apple Intelligence to be big drivers for Apple in the near term. In a new research note from Haitong ...