Apple shares powered higher in early Friday trading, following a record set of first quarter earnings and an upbeat outlook for iPhone sales from the world's biggest tech company that triggered a host of price target changes from analyst on Wall Street.

Apple stock is higher Friday after the tech giant beat expectations for its fiscal 2025 first quarter. Here's what you need to know.

Apple stock price has pulled back this year as concerns about its innovation, growth, and valuation continued. AAPL crashed to $220, about 15% below its highest level in 2024, bringing its market cap to about $3.

Apple is set to report fiscal first-quarter results after the closing bell Thursday, with analysts watching for signs the iPhone maker’s stock can recover after a disappointing start to 2025.

Key Takeaways Apple shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features.The stock looks set to continue its upward momentum after finding support near the lower trendline of a rising wedge pattern.

Shares in Apple rose 2.5% in Frankfurt on Friday after results the day before, as the company forecast relatively strong sales growth in the current quarter, a sign it will recover from a dip in iPhone sales.