Apple Inc has given a promising revenue forecast for the current quarter, lifting investor confidence after its holiday results showed disappointing declines in sales to China and the iPhone. The company predicts sales will grow by low- to mid-single digits, in line with analysts’ estimates of around 5%. This reassuring news helped boost shares of the world’s most valuable company, calming nerves among investors who had been concerned about the mixed quarterly report.
Source: https://www.bloomberg.com/news/articles/2025-01-30/apple-tops-sales-estimates-even-as-china-is-weaker-than-feared