Apple shares pop 4% as shoppers race to buy updated iPhones, MacBooks
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By Thomas Barrabi
Published on May 1, 2026.
Apple's shares rose more than 4% after the company reported strong demand for its flagship iPhones and MacBooks. The company crushed expectations in its second-quarter results, with sales of iPhones rising 21.7% to nearly $57 billion and overall revenue increasing to $111.2 billion. However, Wall Street remains uncertain about the company's AI strategy. Incoming CEO John Ternus, who currently serves as Apple’s hardware chief, said the company had an “incredible roadmap ahead” and that this was the most exciting time in his career at Apple to be building products and services.
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