Apple shares post largest gain since late 2022 after earnings

Apple had been down 10% this year before results were released on Thursday night

The shares rallied as much as 8% to $187 on Friday. File picture

Apple shares jumped the most in almost a year-and-a-half after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing.

Though revenue fell 4.3% to $90.8bn (€84.3bn) in the March quarter, that was better than the $90.3bn predicted by analysts.