Investing.com-- Shares of Apple Inc’s Asian suppliers rose on Friday, tracking an after-hours bounce in the tech giant as it clocked quarterly earnings that were not as bad as expected, and also forecast revenue growth in the current quarter.) jumped 6% in extended trade after it clocked a smaller-than-expected decline in profit and revenue for the March quarter. The iPhone maker also said it will see mild revenue growth in the June quarter.
Most of the aforementioned stocks had fallen in the run-up to Apple’s earnings, as markets feared that the iPhone maker will clock a more pronounced sales decline due to increased competition in major market China. CEO Tim Cook told Reuters that Apple expects low single-digit revenue growth in the June quarter, a marked improvement from the four quarters of revenue declines faced by Apple.