Apple shares hit record high as iPhone X pre-sales fuel 19% rise in profits - News Summed Up

Apple shares hit record high as iPhone X pre-sales fuel 19% rise in profits


Apple shook off production problems with its latest iPhone on Thursday to report a 19% rise in profits and record pre-sales of iPhone X, the day before its release. Tim Cook, Apple’s chief executive officer, said: “I have to say I couldn’t be more excited by Apple’s future. “The ramp for iPhone X is going well,” said Cook. Cook said orders of iPhone X “have already been very strong”. The iPhone X (pronounced 10) is Apple’s most expensive iPhone yet, costing $999 to $1,149 in the US and £999 to £1,149 in the UK.


Source: The Guardian November 02, 2017 21:56 UTC



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