Apple Inc. reported a significant increase in its stock price, rising nearly 4% after announcing a robust sales forecast driven by strong demand for its flagship iPhone 17 and the new MacBook Neo. The company expects sales growth of 14% to 17% in the upcoming fiscal third quarter, surpassing Wall Street's estimate of 9.5% growth. In the latest quarter, iPhone sales totaled $56.99 billion, slightly under the expected $57.21 billion. Apple CEO Tim Cook noted that supply constraints for advanced processor chips hindered sales. The MacBook Neo, priced at $500 for students, is anticipated to help Apple tap into a $20 billion market dominated by lower-priced laptops. Overall, Apple reported sales of $111.18 billion and earnings of $2.01 per share for the fiscal second quarter, exceeding analyst expectations. However, rising memory chip costs are expected to impact future margins, prompting Apple to forecast gross margins of 47.5% to 48.5% for the current quarter. The company also plans to seek refunds for tariffs paid during the Trump administration to reinvest in U.S. manufacturing.