Apple Stock Bounces Off Key Level, Rallies Higher: What’s Next?

Apple Stock Bounces Off Key Level, Rallies Higher: What’s Next?
The Apple stock market ticker symbol AAPL is displayed on an iPhone screen and reflected in the logo of an iMac computer in Los Angeles, in this illustration photo taken on May 24, 2021. Chris Delmas/AFP via Getty Images
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Apple Inc. shares are trading higher Friday after the company announced better-than-expected fiscal first-quarter financial results.

Apple reported quarterly earnings of $2.10 per share, beating the $1.88 estimate. The company reported quarterly revenue of $123.9 billion, beating the estimate of $118.28 billion.