Apple Inc. shares
AAPL,
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.
