Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out

apple reported $111bn in revenue for the first three months of the year, up 17% from a year ago. china sales grew 28%, outpacing all other regions. tim cook called iphone demand "extraordinary" on the earnings call. cook also said the new macbook neo was seeing "off the charts" demand, setting a record for new mac buyers. he promised an apple intelligence update later this year, integrated into siri. cook framed apple's ai approach as "respectful of user privacy," partnering with openai and google rather than building its own model. reddit posted $663bn in revenue, up 69%. ceo ladd huffman said 200 million americans visit the site weekly. the goal is daily visits from that many us users and 1 billion worldwide. reddit charges openai and google for access to its conversations as ai training data. roblox shares fell 20% after hours. ceo david baszucki said user growth was tempered by stricter age checks that restricted communication and slowed new user acquisition. the company also lowered its revenue forecast for the year. roblox has never posted a profitable quarter since going public in 2021.