Apple's Services Segment Hits Record Revenue as Siri AI Drives Growth

Apple's (AAPL) services segment has reached a record high of $30.7 billion in revenue, up 12% year-over-year. This growth is being driven by the increasing adoption of Siri AI across various devices and platforms.

The company's Services segment now accounts for a significant portion of its overall revenue, making it a key driver of Apple's growth. The segment's revenue has been consistently increasing over the past few quarters, with this latest quarter seeing a 12% year-over-year growth.

Tim Cook is 'off the charts excited' about Siri AI and its potential to drive growth for the company. With Siri AI rolling out across 2.5 billion active devices and 1.5 billion paid subscriptions, Apple's bull case is targeting $375 or higher.