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Technology
Apple beats sales and profit expectations but AI costs weigh on holiday sales
TL;DR
- Apple exceeded analysts' expectations for its latest results on Monday when the iPhone-maker said it notched a "revenue record" for the July-September quarter, driven by iPhone sales and services revenue, but increased costs related to AI will drag down margins.
Short summary
Our full write-up is on its way. For the complete story, read the original report:
Nov 2, 2026 · Updated 11/3/2026, 3:20:22 AM · Reported with: The Economic Times Tech
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