Apple CEO Tim Prepare dinner says the corporate is “open” to mergers and acquisitions because it “considerably” will increase its funding in AI, as reported by CNBC. Prepare dinner’s statements have been made alongside the discharge of Apple’s third-quarter earnings results, which revealed that the iPhone maker raked in $94 billion between April and June, marking a ten p.c improve over the identical interval final yr.
The remarks come as Apple continues to be seen as behind the AI race, with its efforts on Apple Intelligence lagging relative to its friends and Meta poaching some of its top engineers. The corporate is more and more turning to AI startups for assist — and experiences have steered that Apple is even open to creating huge acquisitions to catch up.
When talking about AI, Prepare dinner stated the corporate is “embedding it throughout our units, throughout our platforms and throughout the corporate,” in accordance with CNBC. Although Apple has touted huge plans for an AI-enhanced model of Siri, the timing of its launch stays unsure after the corporate delayed the revamp. Apple’s SVP of software program, Craig Federighi, stated it simply wasn’t “reliable” enough to launch broadly.
”We’re making good progress on a extra customized Siri,” Prepare dinner stated throughout an earnings name on Thursday. “We’re additionally reallocating a good variety of folks to deal with AI options throughout the firm.”
Regardless of the AI hiccups, Apple’s core companies stay sturdy. Apple’s iPhone enterprise grew 13 p.c yr over yr to $44.6 billion. Mac income additionally noticed a lift, reaching $8.1 billion in income, probably because of Apple releasing a new MacBook Air in March. Income from Apple’s providers, which embrace subscriptions to issues like Apple TV Plus, iCloud, and Apple Music, noticed a 13 p.c improve to $27.4 billion, which Apple says is an “all-time excessive.”
There could also be different challenges coming for these companies, although. In Might, Apple stated that President Donald Trump’s tariffs might price the company at least $900 million through the June quarter. There’s an opportunity these prices might go even larger, as Trump has threatened Apple with a tariff of “not less than” 25 p.c if the corporate doesn’t carry manufacturing to the US. Apple has already shifted a few of its manufacturing to India to lower its reliance on China, a move Trump isn’t a fan of.
Apple is anticipated to launch its new iPhone 17 lineup someday in September. iOS 26 must be launched across the similar time, delivering the “Liquid Glass” design language that has some users divided.