Apple Reports Record Revenue as DeepSeek AI Disrupts Tech Landscape

Apple's services growth offsets iPhone sales decline, while DeepSeek's AI innovation pressures tech giants and reshapes market dynamics.

Apple posted a record $124.3 billion in revenue for its fiscal first quarter, driven by strong growth in its services segment despite a slight decline in iPhone sales.
iPhone sales fell 0.8% year-over-year, with challenges in the Chinese market and limited rollout of its AI features contributing to the dip.
China's DeepSeek unveiled an AI chatbot that rivals U.S. tech leaders at a fraction of the cost, raising concerns about tech investment strategies and sparking market volatility.
Major U.S. and Asian markets showed mixed reactions, with chipmakers like Nvidia and SK hynix facing significant losses following DeepSeek's announcement.
Apple's cautious AI strategy, focusing on integrating features into hardware, has shown promise, with plans to expand its AI capabilities to more languages and regions by spring.