financetom
Business
financetom
/
Business
/
BRIEF-Apple CEO Tim Cook Says Open To M&A To Accelerate AI Roadmap
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BRIEF-Apple CEO Tim Cook Says Open To M&A To Accelerate AI Roadmap
Jul 31, 2025 3:21 PM

July 31 (Reuters) - Apple Inc ( AAPL ):

* APPLE ( AAPL ) CEO TIM COOK SAYS JUNE QUARTER WAS RECORD FOR

UPGRADING

CUSTOMERS

* APPLE ( AAPL ) CEO TIM COOK SAYS INCURRED $800 MILLION IN TARIFF

RELATED

COSTS IN JUNE QUARTER

* APPLE ( AAPL ) CEO TIM COOK SAYS ESTIMATE THE IMPACT TO ADD ABOUT

$1.1

BILLION TO COSTS IN SEPT QUARTER

* APPLE CFO KEVAN PAREKH SAYS SEPT QUARTER TOTAL COMPANY

REVENUE

TO GROW MID-HIGH SINGLE DIGITS

* APPLE CFO KEVAN PAREKH SAYS EXPECT GROSS MARGIN TO BE

BETWEEN

46% AND 47% IN SEPT QUARTER

* APPLE EXPECTS SERVICES SEGMENT REVENUE IN SEPT QUARTER TO

GROW

AT SAME RATE AS IN JUNE QUARTER - CFO ON CONF CALL

* APPLE CFO KEVAN PAREKH SAYS GROSS MARGIN FORECAST INCLUDES

$1.1

BILLION TARIFF RELATED COSTS

* APPLE ( AAPL ) CEO TIM COOK SAYS JUNE QUARTER WAS FIRST FULL

QUARTER OF

CHINA GOVERNMENT SUBSIDIES PLAYING OUT

* APPLE ( AAPL ) CEO TIM COOK SAYS REALLOCATING NUMBER OF PEOPLE TO

FOCUS

ON AI FEATURES

* APPLE ( AAPL ) CEO TIM COOK SAYS ACQUIRED 7 COMPANIES THIS YEAR

* APPLE ( AAPL ) CEO TIM COOK SAYS OPEN TO M&A TO ACCELERATE AI

ROADMAP

Further company coverage:

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved