Apple shares move higher as investors respond to a surprisingly strong revenue outlook for the June quarter, capping what the company describes as a record March period.
Traders push the stock up 4.3% to USD271.35 in extended trading as the upbeat forecast lands.
Apple now expects revenue to increase between 14% and 17% in its fiscal third quarter, covering the June period, according to its latest guidance.
That range comfortably tops analyst consensus for 9.1% growth based on Bloomberg data, signalling a more robust demand environment than markets had priced in.
For the March quarter just reported, revenue rises 17% year on year to USD111.2 billion, or about AUD154.4 billion.
Diluted earnings per share come in at USD2.01, representing a 22% increase on the same quarter a year earlier.
Recent product activity helps explain the stronger trajectory.
In March, Apple refreshed its line-up with new hardware including the MacBook Neo, iPhone 17e, updated iPad Air models and a new MacBook Pro.
Management points to “extraordinary demand” for the broader iPhone 17 range as a key driver of the revenue acceleration.
The company also outlines its leadership transition, with the current chief executive set to hand over to a senior hardware executive in September, keeping the focus on continuity in product strategy.
Together, the guidance, product cycle and succession timing give investors a clearer picture of how Apple plans to sustain growth into the second half of the year.
