Apple Shares Gain 3% on Strong Sales and Upbeat Forecast
Apple shares rose 3% after the company reported its strongest sales growth in four years. The firm forecast higher revenue ahead of a CEO change in September.
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APPLE INC shares rose 3% during Friday morning trading after the company reported its strongest quarterly sales growth in four years. The results arrive as hardware chief John Ternus prepares to succeed Tim Cook as CEO in September. This momentum suggests Apple can navigate a broader consumer electronics slowdown through high-end product demand and revised financial strategies.