Apple shares rise as iPhone 17 and MacBook Neo drive forecast - Reuters
Apple shares rise as iPhone 17 and MacBook Neo drive forecast Reuters
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Notable Quotes
"The demand was off the charts. And there’s just a little less flexibility in the supply chain at the moment for getting more parts."
— Tim Cook , Executive
"We expect significantly higher memory costs."
— Tim Cook , Executive
"The demand was off the charts. And there's just a little less flexibility in the supply chain at the moment for getting more parts."
— Tim Cook , Executive
"We expect significantly higher memory costs."
— Tim Cook , Executive
"the iPhone sales reached $56.99 billion, slightly below estimates, with CEO Tim Cook attributing the shortfall to the limited availability of advanced chips used in the iPhone 17 lineup."
— Tim Cook , Executive
"The demand was off the charts. And there's just a little less flexibility in the supply chain at the moment for getting more parts."
— Tim Cook , Executive
"We expect significantly higher memory costs."
— Tim Cook , Executive
Key People
Apple Inc. is a multinational technology company known for its consumer electronics and software.
Kevan Parekh is the Chief Financial Officer of Apple Inc.
Tim Cook is the CEO of Apple Inc., known for leading the company through significant product innovations and expansions.
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<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxNeFhoblY1UWhwblhvaHlzbExPYTQ3ZzZnam1ab0ROTHRfQml2TTRWN3c0VFZxejluS0NXc0pZb0twc3BCM2EwbTMzSF8zTDRqUUN0UzFDakpMZW1BTHZNclBLM1R3bVNYRlhzQ1hxazZaWUpkMFJZX2VvN2ZRRFR1MWE4bXUwbFNlb2tSMjd3cnlsMXpwc0VWTTl5NzYxa3RseTJGMWthbTY5dDVpRDhNeUk5YUFNZ1JudUh4Zg?oc=5" target="_blank">Apple shares rise as iPhone 17 and MacBook Neo drive forecast</a> <font color="#6f6f6f">Reuters</font>
Apple's shares rose nearly 4% after hours, driven by strong demand for the iPhone 17 and MacBook Neo, with forecasts indicating up to 17% growth despite chip supply constraints and rising memory costs.
Apple's strong demand for iPhone 17 and MacBook Neo led to a solid sales forecast, causing shares to rise nearly 4%.
Apple's revenue forecast for the third quarter exceeded expectations, despite ongoing Mac shortages and rising memory-chip costs.
Apple's strong revenue forecast for the third quarter was driven by iPhone 17 and MacBook Neo, despite Mac shortages and rising memory-chip costs.
Apple's strong sales forecast, driven by iPhone 17 and MacBook Neo, offsets ongoing chip constraints and rising memory costs.
Apple reported strong demand for its iPhone 17 and MacBook Neo, leading to a solid sales forecast and a nearly 4% increase in shares after hours. The company anticipates sales growth of 14% to 17% in the current fiscal third quarter, surpassing Wall Street estimates of 9.5%.
Apple's strong sales forecast, driven by high demand for the iPhone 17 and MacBook Neo, led to a nearly 4% increase in shares after hours. The company anticipates sales growth of 14% to 17% in the current fiscal third quarter, exceeding Wall Street estimates.
Apple's strong demand for iPhone 17 and MacBook Neo led to a solid sales forecast, causing shares to rise nearly 4%.
Apple is projected to become the third-largest laptop vendor globally by the end of 2026, surpassing Dell, due to the success of the affordable MacBook Neo, which starts at $599 and offers strong performance.
Apple's strong financial results are attributed to robust demand for iPhone 17 Series and MacBook Neo, despite supply chain pressures.
Apple's revenue forecast for the third quarter exceeds analyst expectations, despite warnings of memory-chip cost increases and Mac computer shortages persisting for several months.
Apple's Q2 2026 earnings report highlights strong demand for the iPhone 17 series and MacBook Neo, leading to better-than-expected financial results despite ongoing supply chain pressures and rising component costs.
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