Apple stocks rising fast as other Big Tech firms fall hard
Following its quarterly earnings report, Apple has seen its stocks go up 7% — and seemingly rising — while all other Big Tech firms have seen steep declines.
Apple reported that it had earned $90.15 billion in its latest financial quarter, and also that it was unable to make enough of the iPhone 14 Pro to meet demand. The combination of demand, sales, and a difficult economic market had already seen investors recommending Apple.”We’re hard pressed to find a company in our coverage that is operating at the level of consistency that Apple is,” wrote analysts for Morgan Stanley.
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