On Thursday, the world got its first glimpse of what Apple’s artificial intelligence technology has meant for iPhone sales. iPhone sales for the three months ended in September modestly beat analyst expectations, according to numbers released by the ...

According to Pu, Apple Intelligence and a new hardware design could lead to better iPhone 17 sales. In addition, he expects Apple to use its own cellular modem with the iPhone SE 4, followed by a proprietary Wi-Fi 7 chip in the iPhone 17 next year.

Apple's rivals Microsoft MSFT.O and Meta META.O both said this week they expect continued increases in spending to support their AI strategies. Apple said payments for property and equipment - a measure of its capital expenditures - were up $2.91 billion from the previous quarter to $9.45 billion.