Apple lifted futures on the tech-heavy Nasdaq about 0.8%, with global gains on US-China trade war progress and optimism about the upcoming Fed decision.
that the Trump Administration is removing a central demand about cyber theft in a bid to shepherd a swift resolution to the conflict.at 2.00 pm in Washington.
Indeed, a 17% drop in iPhone sales pushed the tech giant's revenue down 17% to just over $31 billion in its fiscal second quarter, driving net income down 16% to around $11.6 billion. However, services revenue climbed 16% to $11.5 billion, and sales in its wearables, home, and accessories division leapt 30%.
Apple's revenue guidance"points to greater confidence in China and in iPhone sales generally and would at the top of the range represent a welcome return to growth," Wilson added.Traders' focus will now turn to Federal Reserve Chairman Jerome Powell's press conference, said Konstantinos Anthis, head of research at ADSS.
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