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.

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.

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.

Apple (AAPL) will release its results for the first quarter of its fiscal 2025 on Thursday, Jan. 30. The company will likely report solid Q1 revenue driven by the initial demand for the newly launched iPhone 16.

Apple stock was little changed on Thursday as investors awaited the company’s earnings announcement due after the close. Shares of Apple wavered between green and red throughout the day. At recent check,

While analysts are not worried about the company's performance in the December quarter, many of them are concerned about how Apple will signal the March quarter is shaking out. Apple reports December-quarter earnings Thursday after the bell.