00:00Apple exceeded expectations for its latest results, boosted by record September quarter iPhone sales.
00:07Revenue rose 12% to $114.5 billion from $102.5 billion.
00:15The solid results bucked a downward trend for tech giants this quarter,
00:19as companies including Alphabet, Amazon and Intel had disappointing quarterly results.
00:25The quarter included only the first days of sales of the premium iPhone 18 Pro models.
00:31Apple's new foldable phone, the iPhone Duo, started selling in the current quarter,
00:36so its sales were not included in these results.
00:39However, shares fell around 3% in after-hours trading on Monday,
00:44as investors weighed strong results against pressure on profit margins.
00:49Long criticized for falling behind in AI,
00:52Apple is working with partners to improve its services
00:55while keeping its own capital spending relatively low.
00:59Apple's smaller exposure to the AI spending boom
01:02offered some protection during the recent tech sell-off,
01:05although its valuation remained demanding.
