Apple Announces Record iPhone Sales Over Holiday Quarter
Customers browsing products inside an Apple Inc. store in New York.
Photographer: Ron Antonelli/BloombergThis article is for subscribers only.
Apple Inc. rose the most in nine months after posting the biggest sales increase in three years last quarter on an array of new products and a forecast of further growth.
The shares gained 7.6 percent to $117.43 at 9:43 a.m. Wednesday in New York, and traded as high as $117.92, the biggest intraday gain since April. Investor enthusiasm for larger-screened iPhones and refreshed Mac computers introduced in September boosted Apple’s market capitalization by about $48 billion to $684 billion in a night.