Apple's revenue and EPS exceeded estimates, but iPhone revenue and China sales missed expectations. Tim Cook talked AI and more in an earnings call.

Apple Inc. predicted a major sales surge during the holiday season after releasing new iPhones, helping assure investors that its hold on consumers remains strong.

Apple posted a big sales beat in the June quarter, topping analyst expectations by nearly 5%. Can the company do it again? The company is riding a streak of 10 revenue beats, though none of those other nine came by the same magnitude.

Apple Inc. and Microsoft Corp. are racing to cross the $4 trillion mark and join Nvidia Corp. in that elite club. Microsoft is on track to complete the feat on Tuesday, while Apple is within a hair of the stock price needed to hit the milestone.