US Stock Market Move | Apple Inc. (AAPL.US) rose by 3%, with shipments in China increasing by 20% year-on-year in the first quarter.

On Friday, Apple Inc. (AAPL.US) rose by 3% to $271.42. On the news front, market research firm Counterpoint Research data shows that in the first quarter of this year, Apple Inc.'s iPhone shipments in China increased by 20% year-on-year, leading in growth rate among all major brands, and ranked second with a market share of 19%, second only to Huawei. BNP Paribas in Paris also upgraded Apple Inc.'s stock rating from "neutral" to "outperforming the market" and raised its target price from $260 to $300.