Apple Hits Record $143.8B Revenue as Tim Cook Reports iPhone Surge

Tim Cook announced that Apple achieved a record $143.8B in quarterly revenue following a 23 percent surge in iPhone sales and a major recovery in the Chinese market.The company also confirmed the acquisition of the Israeli startup Q.ai for $2B to integrate advanced facial tracking technology into future wearable devices.While competitors like Microsoft saw share prices drop due to aggressive spending, Apple reported a net profit of $42.1B and a market capitalization of $3.8 trillion.