Apple beats sales and profit expectations but AI costs weigh on holiday sales

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 03 Nov, 02:49 UTC

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. This includes primarily the impact…