Apple revenue hits $111B

Apple has reported record-breaking quarterly revenue of $111.2 billion, driven by surging demand for AI-integrated devices and strong growth in the Indian market.

CEO Tim Cook expressed immense optimism about India's potential, noting double-digit growth across multiple product lines.

However, the company also announced the discontinuation of its entry-level Mac mini, raising the starting price for the desktop line to $799.

Cook warned that ongoing chip supply constraints and high demand for desktop computers will likely cause supply-demand imbalances for several months.