Apple Bounces Back from $300 as Earnings Strength Revives Demand

Apple's stock price has rebounded from near $300 to around $314.60 after its earnings report showed strong growth in the June quarter.

The quarterly revenue rose 16% year-over-year to $109.4 billion, while diluted earnings per share increased 29% to $2.02.

Apple's installed base reached an all-time high, and gross margin climbed to 50.1%, although tariff refunds added about two percentage points to the figure.

The rebound is seen as constructive, but analysts believe that Apple needs to regain its pre-correction price range of around $325 for a full recovery.