Apple shares rise in Europe after upbeat sales outlook


FILE PHOTO: Women use Apple iPhone smartphones displayed at a store in London, Britain, October 6, 2024. REUTERS/Hollie Adams/File Photo

LONDON (Reuters) - Shares in Apple rose 2.5% in Frankfurt on Friday after results the day before, as the company forecast relatively strong sales growth in the current quarter, a sign it will recover from a dip in iPhone sales.

The firm said iPhone sales were $69.14 billion for the fiscal quarter ended Dec. 28, slightly below expectations, but said it sees sales for the current quarter rising by low- to mid-single digits.

Apple shares rose 3.2% in after-hours trading on Thursday, having ended the day's regular session down 0.7%.

(Reporting by Samuel Indyk; Editing by Amanda Cooper)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Britain woos expansion effort by Anthropic after US defence clash, FT says
Online abuse: What to know and how to protect yourself and others
Review: With ‘Monster Hunter Stories 3: Twisted Reflection,’ an RPG finally grows up
Is taste the one thing AI can’t replace?
Preview: How ‘Pragmata’ changed my mind about its hacking and gunplay
Telegram's Durov says Russia triggered payment system problem by blocking VPNs
EU chat control deal�expires, halting mass child pornography scanning
Influencers accused of peddling medical misinformation on social apps
How will Meta and Google's landmark legal defeat change social media?
The anomaly of humanity as AI grows inevitable

Others Also Read