体彩开奖直播:Apple Stock Price Soars Following Upbeat Earnings, Nears $1 Trillion Milestone
Apple is on pace for its biggest gain in a year and a half Wednesday as investors cheer its latest quarterly report, which included strong iPhone sales, impressive numbers for its music streaming service, and a forecast that was better than expected.
The company said the average selling price for the iPhone jumped 20 percent in its latest quarter and its third-quarter profit and sales both surpassed analyst projections. During an earnings call, CEO Tim Cook also touted considerable growth for Apple Music, which now tops "well over" 50 million current subscribers and free trial users, and said revenues on the service grew over 50 percent during the quarter. That user figure, claimed Cook, makes Apple Music the market leader in North America -- topping streaming rival Spotify.
Apple’s third fiscal quarter is usually its weakest. The company’s forecast for fourth-quarter revenue also topped Wall Street estimates.
On Wall Stret, Apple surged 5.4 percent to $200, where it has hovered for most of the trading day. That put the most valuable publicly traded U.S. company on track to set another all-time high. Market watchers have also been wondering if Apple will soon become the first publicly traded company to surpass $1 trillion in value. It’s currently at about $985 billion.