Apple stock price rises after earnings beat and upbeat forecast — AAPL investors watch chip crunch
Apple shares rose 0.6% to $258.28 in early Friday trading after the company forecast March-quarter revenue growth of 13% to 16%, topping analyst estimates. Apple reported $143.76 billion in quarterly revenue and $42.10 billion net income, with iPhone sales at $85.27 billion. CEO Tim Cook cited record device numbers but warned of chip and memory shortages. Apple confirmed acquiring Israeli AI startup Q.ai for about $1.6 billion.