Apple shines on Nasdaq after record quarterly revenues

Apple shines on Nasdaq after record quarterly revenues

(Finance) – Definitely positive session for Applewhich is up 4.48%, after record quarterly revenues despite supply chain problems.

“Strong customer response to our recent launch of new products and services has led to double-digit revenue and earnings growth and helped set an all-time high for our installed base of active devices,” said Luca Maestri. Apple’s CFO – These record operating results have enabled us to return nearly $ 27 billion to our shareholders during the quarter as we maintain our goal of achieving a net cash position over time. “

On a weekly basis, the stock’s trend is firmer than the Dow Jones. At the moment, therefore, the appeal of investors is directed more decisively to the Cupertino house compared to the reference index.

The short-term scenario of Apple highlights a decline in prices towards the USD 163.8 area with the first resistance area seen at 167.9. Expectations are for a widening of the negative phase towards the support seen at 161.3.

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