Apple sees Q2 revenue up low- to mid-single digits

Sees Q2 gross margin 46.5%-47.5%. Sees Q2 operating expenses $15.1B-$15.3B. Sees Q2 tax rate 16%. Sees foreign exchange revenue headwind of 2.5 percentage points. Says achieved all-time revenue record in services business. Says Mac generated $9B in revenue, up 16%. Says markets where Apple (AAPL) Intelligence were rolled out iPhone 16 family performed stronger. Comments and guidance taken from Q1 earnings conference call.