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Apple, heavily dependent on China for assembly of its iPhone and laptops, closed at 8.97 a share, up .49, or 4.2 percent. The latest round of tariffs would have hurt Apple's launch of this year's new iPhone line, which usually happens in late September.
Apple shares rose Friday 2.48 percent in mid-day trading after Wells Fargo upgraded the stock to overweight from equal weight, citing the stock's "compelling risk/reward" outlook.
Apple’s U Village store in Seattle
Apple Inc is setting an ambitious goal of becoming carbon neutral across its entire business, manufacturing supply chain and product life cycle by 2030.
Apple ranked second with 2.59 million shipments, followed by Lenovo and Microsoft with shipments of 320,000 units and 170,000 units, respectively, the report said.
