Apple has announced its record-breaking revenue for the June quarter, primarily due to strong sales of iPads and the success of AI features. However, China sales remain weak, impacting the overall iPhone business.
Apple's upcoming release of Apple Intelligence in October aims to boost iPhone sales with improved AI capabilities. Additionally, the App Store is facing regulatory pressure.
Meanwhile, Amazon also reported increased sales and profits for the second quarter, but fell short of market expectations. In international news, Russia and the West have conducted a major prisoner exchange, with Russia releasing IT criminals in return for prisoners held by the West.
Lastly, the EU has approved Hewlett Packard Enterprise's acquisition of Juniper Networks without any conditions, potentially creating a new leading player in the networking market.
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