Apple reports record fiscal year revenue and earnings as AI dominates its earnings call
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Apple posted its best fiscal year for revenue and earnings per share. iPhone revenue rose 17.5% to a September-quarter record of $57.6 billion and Mac revenue grew 24% to $10.8 billion, a four-year high. CFO Kevan Parekh said AI could drive future growth; executives mentioned AI 45 times while spending less on infrastructure than rivals. Shares fell premarket after Apple warned rising memory costs would squeeze holiday-quarter margins.
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