Apple Inc. (AAPL) Acquires Israeli Startup Q.ai For Approximately $2 Billion: Report

Group 1: Acquisition and Strategic Moves - Apple Inc. has acquired Israeli AI audio startup Q.ai for approximately $2 billion, enhancing its capabilities in AI technology [2] - The acquisition aims to close the gap between Apple and competitors like Meta and Alphabet in the development of wearable devices that utilize artificial intelligence [3] Group 2: Financial Performance - Apple reported earnings for the first quarter of fiscal 2026, with revenue increasing by 16% year-over-year to $143.8 billion, driven by strong demand for iPhones [4] - Earnings per share (EPS) reached $2.84, surpassing expectations of $2.67 per share and reflecting a 19% increase from the same quarter last year [4] Group 3: Company Overview - Apple is recognized for its consumer electronics, software, and related products, with a premium product line that includes the iPhone, iPad, and Mac computers, contributing to strong customer loyalty [5]