PETALING JAYA: Apple Inc and Samsung Electronics Co Ltd have posted results that are above and in line with street guidance, with investors now turning more bullish despite lower smartphone sales and slowing memory chip demand.
Both Apple and Samsung are expecting a rebound in sales in the second half of the year on the back of stabilising smartphone sales and a diversification into services and wearables.In the case of Apple, this is a better outlook for one of the world’s most expensive companies and leading smartphone manufacturers and distributors.
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