Apple stock (AAPL) has struggled this year, down 7% while the S&P 500 gained 9.7%. Recent gains of 9% in five days are attributed to strong third-quarter performance and U.S. investment. Despite challenges, Apple reported record June quarter revenue of $94 billion, with iPhone and Mac sales driving growth.

iPhone revenue rose 13% to $44.6 billion, with strong sales across all regions. Mac sales surged 15% to $8 billion, with growth in Greater China and Europe. iPad revenue fell 8% to $6.6 billion, but services revenue increased 13% to $27.4 billion, driven by strong cloud services growth and expanding subscriptions.

Apple expects continued growth in the current quarter, with services likely to sustain double-digit growth. While Wall Street remains cautiously optimistic, trade tensions and tariffs could impact margins in the short term. Apple’s ecosystem and services division provide a strong revenue base, but future growth may be hindered by economic uncertainties.

Read more at Yahoo Finance: Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy?