Reported about 11 hours ago
Apple's CEO Tim Cook forecasted robust iPhone sales for the holiday quarter, driven by strong demand for the iPhone 17 models, outpacing Wall Street estimates. Although Apple faced some supply constraints and shipping delays, overall revenue is expected to grow by 10-12% year-over-year. Cook remains optimistic about sales recovery in China despite some recent contractions, emphasizing Apple's ongoing efforts to fulfill orders amid high demand. Apple's stock rose following this positive outlook, as investors anticipate continued success from new product launches.
Source: YAHOO