Apple shares rise after strong quarterly results amid tariff woes, competition

Apple shares rose 2% in premarket trading on Friday, after the iPhone maker’s quarterly results topped Wall Street expectations, indicating resilience in the face of global trade tensions and intensifying artificial intelligence rivalry.

Driven by a sharp rebound in its flagship phone sales, Apple posted its fastest revenue growth since 2021 and forecast “mid to high single digit” growth for the current quarter, well above analysts’ 3.27% estimate.