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.
There is no limit to sky, every day a mad investor will drive the stock price higher, but on the very long term, we all will be dead....
Good for business
So maybe they could bring some of their manufacturing to the U.S. to create much needed middle class jobs? Does Apple even manufacture anything in its home country?
Nice!!
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