Apple (AAPL) shares rose early Friday as the technology giant recorded better-than-expected fiscal first-quarter results, with gains in Mac and iPad sales helping to counter a decline in iPhone revenue.

Sales of Apple iPhones dropped at the end of last year, as the tech firm's roll out of new artificial intelligence (AI) features was met with a lukewarm response. Chief executive Tim Cook said the new features helped to drive stronger sales in the countries where they were available,