Apple, Inc. (NASDAQ:AAPL) reported fiscal year 2024 second-quarter results that exceeded muted expectations and its stock launched into a relief rally, with the upside also attributable to the shareholder returns it announced. Deepwater Asset Management’s Gene Munster offered his take on the results and the information the management shared on the earnings call. Relief Rally: Munster called the 7%+ spike in Apple’s shares post the earnings release as a “relief rally.” Delving into the potential reasons, he outlined the following: Revenue and earnings coming basically in line with Street foreca…
