Apple’s stock rises as Tim Cook gives just enough detail on Wall Street’s most burning question
MarketWatch • • business
Key Points:
- Apple CEO Tim Cook is navigating supply chain challenges amid disruptions caused by the artificial-intelligence boom.
- During Apple's earnings call, the company reported better-than-expected revenue growth despite shortages of iPhones and other products.
- Apple is effectively managing rising memory prices, maintaining strong gross margins despite cost pressures.
- Investor response to the earnings call was positive, reflecting confidence in Apple's handling of supply and profitability issues.
