Apple Stock Surges to Six-Week High Amid Tech Sector Slump

Apple's stock price has been on an upward trend, reaching a six-week high of $326.57 as the company continues to show resilience in the face of a broader tech sector sell-off.

The tech giant reported a 16% year-over-year revenue increase in Q3, beating expectations with revenue of $123.3 billion and diluted EPS of $2.02.

However, Apple's cautious Q4 guidance has raised concerns among analysts, projecting a 9-11% revenue increase, which is lower than Wall Street estimates.

The company's new CEO, John Ternus, will be closely watched as he takes the reins and presents his first quarterly earnings report in October.