Apple Posts Record Year While Spending Less on AI Infrastructure
Apple's latest earnings show it is gaining from the AI boom without spending as heavily on infrastructure as rival companies. The company posted its best-ever fiscal year for revenue and earnings per share, with iPhone and Mac sales continuing to do well.
Quick glossaryApple, EPS, infrastructure spending
- Apple
- A US tech company, based in California, best known for the iPhone, Mac computers and Apple Watch.
- EPS
- Earnings per share, a figure showing how much profit a company earned for each of its shares.
- infrastructure spending
- Money spent on basic equipment and buildings, such as servers and power systems, that a tech business needs to run.
Burning Potato score: 69%