Apple

Apple CEO Tim Cook has hinted that the company may introduce a paid tier of iCloud Plus for users who require extensive access to its upcoming artificial intelligence features.

During the third fiscal quarter conference call for fiscal year 2026 held recently, Apple CEO Tim Cook hinted that with the upcoming release of iOS 27, Apple plans to introduce a higher-tier iCloud+ subscription for users who frequently use AI features.

Microsoft's stock price surged 15% at Thursday's close, adding approximately $450 billion in market value, marking its largest single-day gain in nearly 18 years.

Apple’s services business, a key growth driver for the company, fell short of Wall Street expectations in the fiscal third quarter, missing revenue estimates by nearly $500 million.

The contract, which has attracted $4.7 million in trading volume, will resolve based on market close on July 31.