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.

Read more…

Read original post from AppleInsider

Scroll to Top
Skip to content