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Apple's Revenue Forecast Outstrips Market Anticipation, Propelling After-Hours Stock Surge
4 hour ago /
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Author：小编
News on May 1st: Apple (AAPL.O) is anticipated to persist in grappling with chip supply limitations; however, its quarterly revenue forecast has outstripped market expectations, propelling a surge in its stock price during after-hours trading. Apple's Chief Financial Officer revealed that the company's revenue for the third fiscal quarter is projected to experience a year-on-year growth of 14% to 17%, surpassing Wall Street's prediction of 9.5%. Furthermore, Apple has relinquished its objective of attaining a net cash position (cash minus debt) of zero, a goal established in 2018. Nevertheless, as of the conclusion of the first fiscal quarter in January this year, its net cash still stood at a substantial $54 billion.
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