Apple shares rise on iPhone 17 and MacBook Neo sales
Apple shares rose as the company forecast strong revenue growth driven by iPhone 17 and MacBook Neo demand. A new 100 billion dollar buyback was also announced.
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Insights:
Xurve View
APPLE INC shares rose 4% late evening after forecasting 14% to 17% sales growth and authorizing a $100B share buyback. The outlook exceeds the 9.5% growth to $102.93B expected by Wall Street for the current fiscal third quarter. Strong demand for the iPhone 17 and MacBook Neo provides a buffer as the tech giant navigates leadership changes.
