Soon after the tech giant Apple announced a major role transitional change, Apple shares jumped 3% in premarket trading on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO.

The company recently announced that Tim Cook is stepping down as CEO to become the executive chairman of Apple's board of directors while the successor, John Ternus, currently Apple’s senior vice president of hardware engineering, has been named the next CEO.

The shares' current reports indicate that its latest iPhone 17 Pro series and the ‌newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand........

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