Apple’s surprisingly strong results send shares to record high
The tech company posted better than expected iPhone sales, revenue and earnings per share, and indicated its 10th anniversary phone lineup is on schedule
San Francisco — Apple Inc forecast current-quarter revenue largely above estimates on Tuesday, helping allay some investor concerns about a possible delay in the launch of the iPhone’s 10th-anniversary edition later this year. Shares of the world’s most valuable technology company, which also reported better-than-expected third-quarter iPhone sales, were up 3.1% at $154.64 in extended trading. The launch of the latest iPhone could potentially move to October or November, instead of September, due to production issues, according to media reports and analysts. Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging — which could come with a $1,000 plus price tag.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.