AAPL Closes at Record High
Shares of Apple rose to a record high close on Monday, buoyed by Wall Street’s expectations that the release of a 10th-anniversary iPhone and pent-up customer demand will shore up lacklustre sales.
Shares of Apple rose to a record high close on Monday, buoyed by Wall Street’s expectations that the release of a 10th-anniversary iPhone and pent-up customer demand will shore up lacklustre sales.
Apple on Tuesday posted quarterly earnings and revenue that topped analysts’ expectations, boosted by strong iPhone growth in China.
Apple reported fiscal fourth-quarter earnings of $1.96 per share on sales of $51.5 billion.
Analysts expected the tech giant to report earnings of $1.88 per share on $51.11 billion in revenue, according to a consensus estimate from Thomson Reuters. Shares were flat in up-and-down after-hours trading following the results.
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