: Apple’s stock advances toward longest winning streak in 17 months


Apple Inc. shares AAPL, +0.85% are rising again Friday and on track to log their sixth consecutive session of gains. The stock is up 0.6% in Friday’s session and ahead 7.2% over a six-day span. A finish in positive territory would secure Apple’s longest winning streak since March 29, 2022, when it capped off 11 sessions in a row of advances, according to Dow Jones Market Data. Evercore ISI analyst Amit Daryanani wrote positively on Apple’s App Store business Friday, saying that his analysis of third-party data indicates that revenue for the App Store accelerated in August to sport 10% growth. That compares with 9% growth in July and a 5% average so far this year. The acceleration trend “should continue, especially given compares continue to remain materially easy through the back half of this year,” he wrote.

This article was originally published by Marketwatch.com. Read the original article here.

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