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Apple shares rise in Europe after upbeat sales outlook

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Shares in Apple rose 2.5% in Frankfurt, as the company forecast relatively strong sales growth in the current quarter

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.

The firm said iPhone sales were $69.14 billion for the fiscal quarter ended Dec. 28, slightly below expectations, but said it sees sales for the current quarter rising by low- to mid-single digits.

Apple shares rose 3.2% in after-hours trading on Thursday, having ended the day’s regular session down 0.7%.

(Reporting by Samuel Indyk; Editing by Amanda Cooper)

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