Apple's Services Segment Hits Record $30.7B with Siri Boost

Apple's Services segment has reached new heights, raking in $30.7 billion in revenue for the June quarter. This marks a 12% year-over-year increase, driven by strong iPhone sales and the global rollout of an enhanced Siri AI assistant.

CEO Tim Cook expressed enthusiasm for Siri AI, which is expected to monetize across Apple's 2.5 billion active devices, supported by new iCloud Plus tiers and growing Apple Pay users.

The company's Q3 revenue beat expectations with $109.42 billion and earnings per share of $2.02. Analysts see a 17.7% upside to a $359.38 price target over the next year, with potential further gains if AI and Services continue to expand.