Apple forecasts sales growth above Wall Street estimates
Apple expects revenue growth of 14% to 17% for the current quarter while reporting second-quarter sales of $111.18 billion. Shares rose over 3% on the news.
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APPLE INC forecast fiscal third-quarter sales growth between 14% and 17%, sending shares up 3% in late evening trading. The outlook exceeds Wall Street estimates of 9.5% growth to $102.93 billion as demand for new hardware offsets supply chain constraints. For investors, the guidance signals a successful leadership transition and a pivot toward lower-priced hardware to capture new market segments.
