Here's What Wall Street Is Saying About Apple's Earnings
- Shares surging after company projects strong iPhone demand
- Some analysts skeptical about outlook for iPhone and China
Apple's Resilient iPhone Demand Boosts Revenue Forecast
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Apple Inc. shares are rising to new all-time highs as the market toasts the company’s quarterly earnings, reported after the close of trading on Tuesday.
Shares are surging toward $160 in pre-market trading after projected revenue in the current quarter topped estimates, signaling strong sales of new iPhones scheduled for release later this year. Shares closed Tuesday at $150.05 but have traded as high as $159.90, topping the all time high reached in May.