During today’s earnings call, Apple CEO Tim Cook addressed growing speculation that advancements in AI, could eventually sideline the iPhone.

Speaking to investors during Thursday's earnings call, Tim Cook didn't appear worried that advancements in AI could replace the iPhone.

Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an uptick from the previous period, CEO Tim Cook said during the company’s earnings call with investors Thursday.