Its market capitalisation reached nearly $607 billion, compared to $535 billion for Alphabet and $440 billion for Microsoft. After sinking to a two-year low in July that had portfolio managers describing Apple as a value stock and no longer a growth play, shares of the world's most valuable listed company have since rebounded 25 percent. On Tuesday, Sprint said pre-orders for the iPhone 7 were up nearly four times compared to last year's iPhone. T-Mobile said pre-orders rose nearly four times compared with its next most popular iPhone. Specific details about sales of the new iPhone are scarce after Apple announced last week it would not release weekend sales data, saying the number was more a reflection of supply than demand.

Source: bd News24 September 14, 2016 19:30 UTC