Apple CEO Tim Cook promises iPhone sales will rebound after AI features were slow to roll out
1. Apple forecasts higher sales than expected, indicating iPhone recovery potential. 2. iPhone sales were $69.14 billion, below $71.03 billion expectations. 3. AI features are boosting sales for iPads and Mac, driving overall revenue. 4. China revenue declined, only partially due to inventory changes among resellers. 5. Strong services growth offsets iPhone sales challenges in competitive markets.