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flag Apple reports strong quarterly earnings, but faces tariffs and lags in AI development.

flag Apple reported a strong fiscal third quarter, with earnings up 9% to $23.4 billion and revenue rising 10% to $94 billion. flag iPhone sales surged 13% to $44.6 billion, and the company saw a 4% increase in revenue from China. flag However, Apple faces challenges from US tariffs, which have already cost $800 million and are expected to add an additional $1.1 billion in the next quarter. flag The company is shifting iPhone production from China to India but may still face higher iPhone prices due to tariffs. flag Despite a strong performance, Apple is lagging in AI development, particularly with upgrades to Siri.

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