"“Microsoft is pulling back on Copilot stuff. All these companies are kind of taking a second look at their AI investments. Apple can just sit tight and be slow about it.”"
"Apple reported $111.184 billion in revenue for the March quarter, up 16.6% year over year, with EPS of $2.01, beating the $1.94 consensus. iPhone revenue reached $56.994 billion, while Services hit a record $30.976 billion. The company also approved a $100 billion buyback and raised its dividend by 4%."
"DeLeon noted that shipping dates were “months in the future” because AI developers are buying hardware in bulk for cloud computing. Apple is collecting hardware revenue from the AI boom without funding the buildout itself."
"Laporte reported the company is lifting its 2026 AI spend by $25 billion, taking total CapEx to $190 billion in 2026. The fiscal Q3 quarter alone carried $30.876 billion in capital expenditures, up 84.39% year over year. CEO Satya Nadella told investors the AI business “surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.”"
Apple’s approach to generative AI is portrayed as restraint that now appears disciplined. Apple reported $111.184 billion in March-quarter revenue, up 16.6% year over year, with EPS of $2.01 above consensus. iPhone revenue reached $56.994 billion and Services hit a record $30.976 billion. Apple approved a $100 billion buyback and raised its dividend by 4%. Apple discontinued the $599 Mac Mini and raised the entry price to $799, warning supply-demand balance may take several months. Hardware demand is linked to AI developers buying systems for cloud computing. Microsoft is spending faster, lifting 2026 AI spend by $25 billion to total CapEx of $190 billion, with fiscal Q3 CapEx of $30.876 billion. Microsoft’s AI business surpassed an annual revenue run rate of $37 billion, up 123% year over year.
Read at 24/7 Wall St.
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