Apple shares pop 4% as shoppers race to buy updated iPhones, MacBooks
Apple's shares rose over 4% following stronger-than-expected second-quarter earnings driven by high demand for updated iPhones and MacBooks. Despite robust sales growth and a positive revenue outlook, investors remain concerned about the company's artificial intelligence strategy. Incoming CEO John Ternus made his debut on the earnings call, emphasizing a strong product roadmap ahead of the upcoming Worldwide Developers Conference.
- ▪Apple's shares increased more than 4% after reporting second-quarter earnings that exceeded expectations.
- ▪iPhone sales rose 21.7% to nearly $57 billion, contributing to a total revenue of $111.2 billion.
- ▪Sales in China increased 28% to $20.5 billion during the quarter.
- ▪Apple projected a 14% to 17% revenue increase for the current quarter, surpassing analyst expectations.
- ▪Incoming CEO John Ternus made his first appearance on the company's earnings call, succeeding Tim Cook in September.
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Business Apple shares pop 4% as shoppers race to buy updated iPhones, MacBooks By Thomas Barrabi Published May 1, 2026, 12:14 p.m. ET Apple shares popped more than 4% on Friday morning after reporting huge demand from shoppers for its flagship iPhones and MacBooks – but Wall Street still has questions about the company’s artificial intelligence strategy. The Big Tech giant crushed earnings expectations in second-quarter results released Thursday, bolstered by recent releases such as the $599 MacBook Neo, updated versions of the higher-end MacBook Pro and iPad and the iPhone 17e. Sales of iPhones rose 21.7% to nearly $57 billion, while overall revenue jumped to $111.2 billion. Apple CEO Tim Cook, who will transition to role as executive chairman on Sept.
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