Apple’s Positive Quarterly Results Drive Shares Up in Pre-market Trading
Apple shares rose by 2% in premarket trading on Friday following the company’s quarterly results that exceeded Wall Street’s expectations, showcasing resilience amidst global trade tensions and the escalating artificial intelligence competition.
Boosted by a significant increase in iPhone sales, Apple achieved its quickest revenue growth since 2021 and projected a ‘mid to high single digit’ growth for the ongoing quarter, surpassing analysts’ 3.27% forecast.
