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Shares of Apple rose 3 percent on Wednesday Company sold 52.2 million iPhones in the fiscal second quarter Apple revenue rose 16 percent to $61.1 billion

Shares of Apple rose 3 percent on Wednesday after the coque huawei p20 bleu nuit company’s quarterly report and current quarter iPhone sales forecast calmed investor nerves about a potential slowdown in sales coque samsung j3 2016 3d of its flagship product.

Shares in the Cupertino, California firm had fallen 5 percent, or more than $40 billion (roughly Rs. Brady Breeze Oregon Jersey coque iphone coque huawei 2.66 lakh crores) in market value, in the two weeks before the report, thanks largely to a soft outlook from Taiwan Semiconductor Manufacturing Co which was read as pointing to weak demand for iPhones.

Yet while investors were bracing for weak smartphone sales, Apple sold 52.2 million iPhones, just shy of analysts’ estimate of coque samsung note 5 52.3 million.

At least four coque samsung galaxy s6 edge amazon brokerages raised their price targets for Apple stock. Josey Jewell Iowa Hawkeyes Jersey Trey Sermon Ohio State Buckeyes Jersey coque iphone Of 43 analysts covering, 29 have a “buy” or higher rating and 14 on “hold”. Jabril Cox LSU Jersey No one has a “sell” rating.

“iPhone unit sales were better than feared with our recently lowered estimates, and management highlighted consistent results in every geography with the iPhone X the top selling iPhone each week of the quarter,” Canaccord Genuity analyst T. Nassir Little Jersey Trey Sermon Jersey coque huawei coque iphone Michael Walkley said.

Two other analysts estimated coque huawei p20 lite motif fleur Apple would sell about 40 million iPhones in the current quarter, based on Apple’s June quarter revenue forecast of $51.5 billion to $53.5 billion and shares in Apple parts suppliers were also broadly higher.

Shares of AMS, which provides the facial recognition technology used in coque samsung grand 2 Apple’s iPhones, rose as much as 8 percent on Wednesday morning.

Those in Cirrus Logic, Skyworks Solutions, Lumentum Holdings, Broadcom and Qualcomm were all gainers.

“While forecasted iPhone shipments of 39 million units is lower than our coque huawei p20 lite fila noir 42 million estimate a month ago, it’s far better than our 34 million estimate which reflected the weaker June quarter outlook from suppliers like TSMC and AMS,” Morgan Stanley analyst Katy Huberty said.

The $999 (roughly Rs. palermocentercity coque iphone coque samsung coque huawei coque samsung 66,700) iPhone X, which features an edge to edge display and facial recognition technology coque huawei p20 lite coca cola to unlock the phone, has been plagued by supply bottlenecks and concerns about weak coque huawei p20 lite doit sales coque samsung a3 personnalisable since it went on sale in November in the United States.

While Apple’s iPhone sales were marginally lower than consensus forecasts, its quarterly results still beat Wall Street targets, helped by a $9.1 coque samsung j billion (roughly Rs. coque iphone coque huawei coque huawei 60,000 crores) revenue contribution from Apple’s services business.

“Services sales growth of 31 percent Y/Y was robust this quarter, and well above expectations, reflecting broad coque samsung galaxy j5 amazon strength across Apple’s offerings, including App Store, Apple Music, iCloud and Apple Pay,” Deutsche Bank analyst Sherri Scribner said.

Apple also promised to hike its coque samsung galaxy s5 personnalisé dividend by 16 percent and to buyback $100 billion (roughly Rs. coque samsung coque samsung 6.66 lakh crores) worth of additional stock, which analysts said would create a floor for shares.

After a solid quarter that quashed most concerns about coque leyi p20 normal huawei a slowdown, eyes will now turn to the next generation of iPhones to be launched in September.

“With our belief Apple will launch an iPhone X plus type combined with new improved features for the current coque samsung galaxy j5 personnalisable sized iPhone X product, we believe Apple’s iPhone franchise will extend strong sales of higher priced iPhones through C2019,” Walkley said.

Apple shares were trading at $175.60 (roughly Rs. coque iphone coque samsung coque iphone 11,700) on Wednesday morning.

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