The week was a whirlwind for Apple Inc. AAPL, with a slew of developments that kept the tech giant in the headlines. From a surprisingly strong quarter to tariff concerns, AI acquisitions, and a potential takeover of the Apple Card program, there was no shortage of news.\n\nApple’s Unexpectedly Strong Quarter\n\nDespite tariff concerns, Apple reported a better-than-anticipated quarter, with third-quarter results exceeding estimates. The strength of products and services was a highlight for the tech giant.\n\nBracing for Tariff Impact\n\nApple warned investors of a potential $1.1 billion hit from tariff-related costs during its fiscal fourth quarter, even as iPhone production shifts to India.\n\nOpen to AI Acquisitions\n\nAmid mounting pressure to keep pace with rivals like Google, Meta, and Microsoft, Apple CEO Tim Cook stated that the company is very open to artificial intelligence acquisitions.\n\nEmphasizing AI’s Importance\n\nIn a rare all-hands meeting at Apple’s Cupertino headquarters, Cook underscored the significance of artificial intelligence, likening it to the internet and smartphone revolutions.\n\nJPMorgan to Take Over Apple Card?\n\nReports suggest that JPMorgan Chase & Co JPM is in advanced talks to take over Apple’s credit card partnership from Goldman Sachs Group Inc.

Apple's Surprising Quarter, Tariff Concerns, AI Acquisitions And More: This Week In Appleverse

Apple Inc. reported a strong third-quarter performance despite tariff concerns, with a $1.1 billion potential hit from tariff-related costs. The company emphasized its openness to AI acquisitions and highlighted AI's strategic importance. Reports suggest JPMorgan Chase is in talks to take over Apple's credit card partnership from Goldman Sachs.