Apple sales rebound as AI bets scramble markets

Sales at Apple rebounded this spring, overcoming weakness in China and a dip in iPhone sales, delivering some good news to jittery financial markets. Overall, the Dow Jones Industrial Average dropped 1.2%, the S&P 500 slipped almost 1.4% and the Nasdaq dropped 2.3%. Bets on AI have scrambled markets in recent weeks, as investors grow weary of the heavy cost of such investments and firms seen as losing pace in the AI race are hit hard. Apple boss Tim Cook said the new features would provide "Another compelling reason for an upgrade". Over the April to June period, sales of iPhones slipped 1%, a drop outweighed by increased sales of Macs and iPads. Apple also reported an all-time record in revenue from its services division, which includes offerings such as Apple Pay and Apple News..

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