Apple shares rose 3.5% in premarket trading, after the company reported stronger-than-feared earnings. iPhone sales fell nearly 1% on the year to $69.1 billion, below the $70.7 billion analysts were projecting,

Tim Cook insists Apple Intelligence is convincing people to upgrade — even if the features are underwhelming so far.

Apple stock was rising in premarket trading Friday, boosted by the solid set of results the tech company posted after Thursday's close. Apple reported earnings of $2.40 a share on revenue of $124.3 billion for the quarter ended Dec.