Apple (AAPL) CFO guides Q3 revenue to grow between 14-17% Y/Y (exp. +9%) on supply constraints, gross margin between 47.5-48.5%, no longer targeting a net cash neutral position

Apple's CFO is guiding for a revenue increase of 14-17% year-over-year, significantly above the expected 9%, which indicates stronger-than-anticipated demand despite supply constraints. This positive outlook on revenue, coupled with steady gross margins, may boost investor confidence in AAPL and suggest resilience in its underlying business model, though the shift away from targeting a net cash neutral position could signal a change in capital allocation strategy.