iPhone X launch drives up Apple shares to new highs

Nov 03, 2017, 6:48 AM EDT
(Source: portal gda/flickr)
(Source: portal gda/flickr)

Apple shares soared to a fresh record high on Thursday as its iPhone X entered the market, putting the tech giant on course to be the world’s first trillion-dollar company.

Apple’s market value swelled to about $900bn as its shares rose 5% in the after-hours trading a day before the release of iPhone X, writes the BBC.

The company, which sold 46.7m of its flagship iPhones in three months to September, recorded a 19% rise in profit followed by a record pre-sales booking of iPhone X, notes The Guardian

TAGS: Apple