Apple shares rose around 2% in premarket trading on Friday after the company issued optimistic forecasts for the holiday quarter, signaling a sales rebound driven by strong demand for its latest iPhone 17 models.

Apple reported fiscal fourth-quarter earnings on Thursday that beat analyst expectations and delivered a strong forecast for its December quarter.

Apple is poised to report robust quarterly earnings on Thursday, fueled by strong demand for its new iPhone 17 lineup despite lingering concerns about its slow adoption of artificial intelligence features.

Verizon on Wednesday reported quarterly profit and wireless subscriber additions that exceeded Wall Street expectations, as promotions tied to recent iPhone launches helped the U.S. telecom giant attract more customers.