With Apple Starting to See iPhone Sales Momentum, Is Now the Time to Buy the Stock?

Although Apple (NASDAQ: AAPL) recently reported strong fiscal third-quarter results, the stock struggled to gain traction on a tough day on Wall Street that was overshadowed by a weak jobs report. The stock is down nearly 20% on the year, as of this writing.However, it was one of the company's best quarterly reports in quite some time. Let's see whether it's time to buy Apple's stock, with momentum starting to shift.iPhones remain the biggest source of revenue for Apple. And while growth for Apple's iconic smartphone has been a bit lackluster over the past few years, that was not the case in fiscal Q3. iPhone sales jumped 13% year over year to $44.6 billion, which was well ahead of the $40.2 billion that analysts expected. It was the largest quarterly iPhone growth the company saw since 2021.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool