Apple just reported unexpectedly outstanding third-quarter profits and gave a clue that its nearing celebratory iPhone lineup is going to plan, upping the stocks by 6% to the point never seen before during after-hours trading.
The stock reached $159.10, which is over the intraday peak, after the statement had been released showing striking numbers on phone sales revenue, as well as share profits. The changes in stock price could give the impetus for Dow Jones Industrial Average to hit the point of 22,000 the next day.
Apple claimed it surpassed a whopping number of sold phones which was 1.2 billion. As a rule the second quarter time is quite subdued for the company as everyone is expecting for the new iPhones of the fall season. This week’s events demonstrate that Apple fans don’t really put off their purchases till after the new releases.
The company’s other products numbers were no less upbeat, iPads also exhibited robustness, service profits keep going up at a good pace, and even Apple Watch being much less popular came at 50% sales growth.
There is a high probability that Apple is going to give the new iPhone higher-resolution OLED, improved touchscreens and wireless charging, all of that could lead to a price increased by $1,000.
The new release is expected to take place in September.