Apple stock rose 4% in premarket trading after earnings that saw services revenue jump 13% to a record high of around $11.5 billion
Shares in Apple climbed 4% in premarket trading, promising a $40 billion boost to the iPhone maker's market capitalization that would lift it past $1 trillion yet again. The stock is set to rise after Apple posted record third-quarter service revenues. AppleCare, Music, and cloud services set fresh sales highs, while the App Store posted a third-quarter revenue record. iPhone sales fell 12%, an improvement from their 17% drop in the second quarter, while Mac, iPad, and wearable sales rose.
Shares in Apple climbed 4% in premarket trading, promising a $40 billion boost to the iPhone maker's market capitalization that would lift it past $1 trillion yet again. The stock is set to rise after Apple posted record third-quarter service revenues. AppleCare, Music, and cloud services set fresh sales highs, while the App Store posted a third-quarter revenue record. iPhone sales fell 12%, an improvement from their 17% drop in the second quarter, while Mac, iPad, and wearable sales rose.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Box Office: Why 'Once Upon a Time in Hollywood's' $40M Debut Doesn't Guarantee a Fairy Tale EndingQuentin Tarantino's ninth film, teaming Leonardo DiCaprio and Brad Pitt, needs to have strong staying power to be considered a success.
Read more »
The World's Highest-Paid DJs Of 2019The top 15 acts clocked $358 million in pretax earnings over the past 12 months.
Read more »
Japan government to earmark $40 billion to boost growth in FY2020/21 budget: sourcesJapan will earmark 4.4 trillion yen ($40.52 billion) in the next fiscal year&03...
Read more »
Prince Harry’s Tropical Vacation Villa in Barbados Has Hit the Market for $40 MillionThose views though.
Read more »
https://people.comGet the latest news about celebrities, royals, music, TV, and real people. Find exclusive content, including photos and videos, on PEOPLE.com.
Read more »
Tim Cook plays tortoise to Satya Nadella’s hareThe Apple CEO badly needs a new hit product amid slowing iPhone sales as services can’t offset the drag. Microsoft has risen past $1 trln in value on the strength of Office and a fast-growing cloud business. Apple is losing pace just as the Seattle giant is getting a second wind.
Read more »