Shares of Apple Inc. (AAPL) not long ago rose 2.1%, 1 day after the business reported blowout earnings expansion for its second fiscal quarter, with iPhone income surprising even one of the most bullish Wall Street analysts. The stock had slipped practically 6% within the 1st half of April before starting up to pick up previously this week.
Late Wednesday, Apple documented a 95% surge in earnings for the March quarter, powered mainly by revenue with the iPhone. The gadget noticed unit revenue over double to 18.65 million, and revenue from that business line now accounts for half of Apple’s total revenue.
Several brokers raised their price targets on Apple’s stock.