Apple's significant quarterly revenue boost was overshadowed by a hefty $14.4 billion tax payment to the EU, leading to a dramatic decline in profits.
Despite a strong increase in iPhone sales and promising AI features, Apple faces regulatory setbacks that impacted profit margins, highlighting challenges beyond product performance.
The company's quarterly revenue hit $94.93 billion, exceeding expectations, yet the profit was cut by 36% due to unexpected legal and tax obligations.
While Apple continues to innovate with AI in its iPhones, many features are delayed, showcasing a gap between marketing promises and product reality.
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