iPhone sales are booming, with a 23% increase in the first quarter of fiscal 2026. Global demand is high, leading to record iPhone installations. Despite concerns about lagging in AI, Apple is gaining traction with its other qualities. Costs are rising due to increased capital expenditures and competition in the AI supply chain. Apple is making progress in AI, focusing on enhancing user experience with features like live translation and quick searches. Expect improvements in Apple Intelligence this year.

Read more at Nasdaq: 3 Key Updates Apple Just Gave Investors