Apple shares were up 7.5% the day before, helped by a positive quarterly report – Revenue and profit figures have exceeded analysts’ expectations, demonstrating that demand for the company’s products remains high. This is Apple’s best daily performance since April 2020.
Image source: apple.com
Most tech giants released reports this week: results Half* And Alphabet weak due to the difficult macroeconomic context unfavorable for the digital advertising market. Apple also admitted that it slowed growth and weakened its services business, but analysts were generally positive about its performance. The company managed to increase sales by 8% in the quarter, which was not prevented by the difficulties of the next pandemic.
Mac revenue grew 25%, while PC sales from other brands dropped dramatically. Apple has reported that demand for premium computers and phones remains strong. The company’s financial data slightly exceeded Wall Street analysts’ expectations, but that was enough to maintain its safe-haven status for investors looking to hedge against inflation and a possible recession. Neither negative macroeconomic factors nor the strong dollar prevented Apple’s sales growth.
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