Friday, 3 November 2017

Apple shares peak as iPhone X goes on sale in UK

Apple has shrugged off concerns about production delays on the new iPhone X by reporting a 19% rise in profit to $10.7bn (£8.2bn).
Revenues were also up by 12% to $52.6bn (£40.2bn) in the fourth quarter ending 30 September - an increase of 12% during the same period last year.

Analysts on average were expecting total revenue of $50.7bn (£38.8bn).

The company's shares rose 4% in after-hours trading on Thursday to hit an all-time high - as its 10th anniversary iPhone X went on sale in the UK on Friday and in many Asian markets, with Apple chief executive Tim Cook reporting "very strong" orders.

At a cost of £999, it is Apple's most expensive handset with features including an edge-to-edge screen and a face ID unlocking system.

SKY     News.

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