iPhones at core of Apple stock gains | News | Al Jazeera

iPhones at core of Apple stock gains

Gadget's brisk sale coupled with strong Asian business boosts US technology company's strong share performance.

    Shares in US technology giant Apple Inc have surged to a record high, doubling its figures from this time last year.

    The company is reporting a third-quarter net income of more than $7bn, or $7.79 per share, and the news has driven up Apple's share price to $405, an all-time high.

    The result is mostly due to the brisk sale of iPhones, of which more than 20 million were sold worldwide in the last quarter.

    Apple said strong Asian business, particularly in China, was also key to the record perfomance.

    Al Jazeera's Melissa Chan reports from Beijing.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    America's Guns: Secret Pipeline to Syria

    America's Guns: Secret Pipeline to Syria

    How has the international arms trade exacerbated conflict in the Middle East? People and Power investigates.

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.