{"id":33519,"date":"2026-05-01T20:11:47","date_gmt":"2026-05-01T18:11:47","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=33519"},"modified":"2026-05-01T20:11:47","modified_gmt":"2026-05-01T18:11:47","slug":"apple-shares-rise-on-strong-quarterly-sales-in-run-up-to-ceo-change","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/apple-shares-rise-on-strong-quarterly-sales-in-run-up-to-ceo-change\/","title":{"rendered":"Apple shares rise on strong quarterly sales in run-up to CEO change"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Its latest iPhone 17 \u200cPro series and the newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due to price hikes forced by the memory chip shortage.<\/p>\n<p>&nbsp;<\/p>\n<p>Even though Apple&#8217;s margins for the January-March quarter and \u200bits fiscal third-quarter forecast were above Wall Street estimates, outgoing CEO Tim Cook warned that higher memory \u200bcosts would increasingly weigh on the business from June.<\/p>\n<p>&nbsp;<\/p>\n<p>Limited supply of the advanced processors for \u2060iPhone has already hampered Apple&#8217;s ability to capitalise on strong demand. The chips are made by Taiwan&#8217;s, \u200bthe leading producer of AI processors.<\/p>\n<p>&nbsp;<\/p>\n<p>Analysts say Apple&#8217;s clout with long-time suppliers could position it better than rivals in \u200bsecuring memory chips, but it might have to raise prices later this year.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":20877,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-33519","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Apple shares jumped 3.6% in early trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show \u200bof momentum as it prepares to hand over the reins to a new Chief Executive Officer (CE","published_date":"","news_description":"Apple shares jumped 3.6% in early trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show \u200bof momentum as it prepares to hand over the reins to a new Chief Executive Officer (CE","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33519\/revisions"}],"predecessor-version":[{"id":33520,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/33519\/revisions\/33520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20877"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=33519"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=33519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}