Apple Stock Gains Following China Import Surge And Legal Win
Apple shares ticked upward after reports indicated a significant increase in foreign brand mobile phone imports into China. Data shows imports rose by 128 percent year over year in November providing a positive surprise for investors. Additionally the stock received a boost from a favorable legal ruling helping to sustain the positive momentum for the tech giant.
What caused Apple stock to tick up recently
The stock rose due to a surprise increase in imports to China and a positive outcome in a legal case.
When did China imports of foreign phones surge
Imports surged in November showing a 128 percent increase compared to the previous year.
Who benefited from the rise in mobile phone imports
Apple benefited as the data covers foreign branded mobile phones including the iPhone.
How did the legal ruling affect Apple stock
The favorable legal ruling provided additional confidence to investors contributing to the stocks upward movement.
Where did the 128% import increase take place
The import increase took place in China indicating strong demand for foreign mobile devices.
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Category: News | Stocks
