Apple (AAPL) stock begins to rebound

Apple posts strong results, but warns of supply constraints

Apple (AAPL) stock price took advantage of lackluster results from Facebook to rebound on Thursday. Apple shares rose 4.5% ahead of the release of its results at market close.

Apple’s results were very satisfactory, with revenue growth in most of its segments, including iPhones, and a much larger than expected profit increase ($1.52/share vs $1.43 $).

Nevertheless, the share price is down just over 2% in electronic trading after Chief Financial Officer Luca Maestri warned of challenges in the current quarter, including supply constraints. which could affect sales by up to $8 billion. Health restrictions in China, particularly in Shanghai, will therefore be important for Apple’s business.

Apple stock price daily chart – key levels

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