Reported about 1 month ago
Apple shares saw a 3.14% increase following a positive sales outlook indicating recovery from recent iPhone sales declines, attributed to the rollout of new AI features. Despite a slight drop in iPhone revenues during the holiday quarter, CEO Tim Cook highlighted stronger-than-expected sales of iPads and Macs, contributing to overall sales surpassing Wall Street targets. The company projects low-to-mid single-digit sales growth for the upcoming quarter, even amidst challenges in the Chinese market.
Source: YAHOO