Success is the best revenge. Critics claimed high retail prices and waning demand would hold Apple back. The devices group reported third-quarter revenues of $53.3bn on Tuesday, 17% higher than the same period last year. The growth is driven by sales of the iPhone X. Shares jumped 4% after hours, pushing Apple’s market capitalisation that bit closer to the $1-trillion mark. Unit sales of iPhones only gained a percentage point. The revenue boost was mainly due to the new version’s significantly higher price. Had average prices stayed the same, revenue would have increased by only 7%, thanks to a gain of a third in the services segment. Apple is boosting the unit as a source of earnings growth that is less dependent on fashion fads. Software platforms also tend to operate on significant margins. Demand for the iPhone X has boosted shares of Apple’s suppliers. South Korean display maker LG Display gained 2.3% on Wednesday. Japan’s Nitto Denko, which makes optical films used in smartpho...

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