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Apple Stock Surges: JP Morgan's Bullish Outlook & Q2 Beat!
Wednesday, Jun 4, 2025 10:08 am ET1min read
Apple Inc. rose 1.10% intraday, with the company posting stronger-than-expected Q2 results. However, the stock faced challenges due to Counterpoint Research cutting 2025 global smartphone shipment growth expectations to 1.9% from 4.2%, citing uncertainties surrounding U.S. tariffs. Additionally, announced that Trump tariffs will cost the company $900 million next semester.
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