With Apple’s Earnings in the Rear View, Attention Turns to Upcoming Growth Catalysts [Video]

After Apple (AAPL) reported better-than-expected results for the fiscal second quarter and announced a $110 billion stock buyback program, analysts highlighted potential near-term growth catalysts for the iPhone maker.

They pointed to upcoming events including an expected new iPad launch event on Tuesday and Apple’s annual developers’ conference in June, as well as opportunities around artificial intelligence (AI). Analysts also suggested Apple’s China headwinds could be less significant than previously anticipated.

Apple shares were up 7.4% at $185.75 around 2:15 p.m. ET Friday as the stock closed in on erasing its year-to-date losses in what Citi analysts called a “relief rally.”

The company reported an 8% year-over-year decline in sales in the Greater China region, though Apple CEO Tim Cook noted iPhone sales in Mainland China grew sequentially.

Concerns around the slowdown in one of Apple’s largest markets drove shares lower last quarter, but the company reassured investors that iPhone revenue …