Apple ‘s quarterly results proved to analysts that the iPhone maker’s stock is the place to hide when a recession hits. The technology giant reported results after the bell Thursday that surpassed analysts’ estimates . Revenue for iPhone fell short of expectations but rose 10% year over year. Shares were up about 7% Friday morning. Wells Fargo’s Aaron Rakers called Apple the “bright spot amid mega-cap carnage” in a note to clients Thursday as…
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Analysts view Apple as a ‘safe haven’ and ‘bright spot’ in tech following another strong quarter
