Apple investors get a taste of shock and awe as strong results push the tech giant's shares to a record high price and its market cap to a gargantuan $830 billion. David Pollard reports.
It's selfie time at Apple. And no doubt it likes what it sees. Investors do: its Q3 results gave an upside surprise that helped push Asian techs to 17-year peaks - while boosting European chipmakers too. In the US, an after hours share price surge pushed its market cap to a blockbuster 830 billion dollars ... On better-than-expected iPhone sales and earnings per share. Those helping to dispel doubts over whether tech consumers were still quite as hungry for the Apple line-up. In what's usually seen as the company's weakest quarter, revenues - at 45 and half billion dollars also beat forecasts. If iPhone revenues themselves were slightly below. Not much to not like, say analysts. Except perhaps in China, where sales fell nearly 10 per cent - as consumers switched to domestic offerings. As for the latest iPhone: it's expected to launch in September. Though at a possible one thousand dollars plus, it may have a price tag some may find hard to swallow.