Apple stock is up almost 55% this year.
Another major tech company beat earnings on Wednesday, as Apple shook off lingering tariff pressures and continued its, thanks to better-than-expected iPhone 11 sales and solid growth in its services business.
The tech giant has also benefited from increased optimism around trade negotiations in recent months, signaling that it expects growth over last year’s holiday quarter, when it was hit by a major downturn of iPhone sales in China—one of its core manufacturing bases. Apple also saw impressive 18% growth in its services business, which includes Apple TV+, iCloud and AppleCare.
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