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Here's your T&B Tech Minute for Thursday, October 31st. I'm Julie Chang for the Wall Street Journal.

In earnings, Apple reported record September quarter revenue boosted by a rebound in iPhone sales.

The company's smartphone accounts for half its revenue. It saw renewed growth in phone sales ahead of the release of Apple set of AI tools called Apple Intelligence this month.

The company's total sales were nearly $95 billion, but the iPhone makers' net income fell

almost a third to $14.7 billion.

That's due to a ruling in Europe that will force Apple to pay more than $14 billion in taxes to Ireland.

Meanwhile, Amazon recorded revenue and profit growth last quarter as demand for its cloud services

and e-commerce sales rose.

The company has been investing in cloud computing infrastructure in response to anticipated

demand from AI.

Amazon's net sales went up 11% to nearly 159 billion dollars.

Net income rose to more than 15 billion dollars, better than Wall Street forecasted,

and revenue from its cloud computing unit, Amazon Web Services,

grew by 19% to roughly 27.5 billion dollars.

And Intel reported a net loss of more than $16.5 billion in the latest quarter,

far exceeding the $1 billion loss analysts expected in a fact set survey.

Intel's revenue in the quarter was $13.3 billion, down 6% from the same period

last year, but slightly above Wall Street forecasts. The chipmakers said the losses were largely due to ongoing restructuring efforts in addition to the

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