Apple reported that iPhone sales for the quarter were down nearly 1% from the prior year to $69.1 billion, a miss from the $70.7 billion analysts were projecting, acc

Sales of Apple iPhones dropped the end of last year, as the tech firm's roll out of new artificial intelligence (AI) features was met with a lukewarm response. Chief executive Tim Cook said the new features helped to drive stronger sales in the countries where they were available, such as the US.

While last quarter's overall iPhone sales came in below expectations, Apple CEO Tim Cook said Thursday that iPhone 16 sales are outperforming the prior year in countries where its Apple Intelligence features have launched.