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Why Apple Stock Was Up on Friday

Why Apple Stock Was Up on Friday

Shares of Apple (NASDAQ: AAPL) were up 3.5% as of 11:37 a.m. ET on Friday after the company delivered fiscal first-quarter earnings on Thursday following the market close. The stock was initially trading lower at the market open today, as Apple's earnings and revenue came in below Wall Street's estimates. The quarter was more challenging for Apple than last year.