Apple Inc. experienced a significant stock price increase, with shares climbing 7.45% to $175.30 in after-hours trading following the release of their Q1 2024 earnings. The surge was attributed to a notable increase in Services Revenue. During the earnings call, CEO Tim Cook emphasized the company's upcoming advancements in generative AI, which are set to enhance products like Siri with the new iOS 18. The updates, expected to be detailed further on June 10th, include features like intelligently summarized texts and privacy-centric responses powered by Ajax LLM.