Apple Shares Bounce Back With iPhone Report
- 6 years ago
On Wednesday, shares of Apple Inc rose 3 percent. This after the company’s quarterly report and current-quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales of its flagship product.
Shares in the Cupertino, California firm had fallen 5 percent in the two weeks before the report. A five percent drop equates to more than $40 billion in market value.