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Apple earnings beat expectations, iPhone 7 plus strong demand pushes sales

October 28, 2017, By Naanga

Beijing, China (_____) – Apple Inc’s third-quarter revenue topped analysts’ estimates, as the iPhone maker benefited $1.67 a share from high demand in iPhone 7 Plus. Analysts of the Wall Street had expected on average revenue to post $44.4 billion and earnings per share of $1.56.

After the earnings released, Apple’s shares rallied 5.5 percent to $158.3 trade at a record level, hits its previous all-time high of $156.6, in extended-hours trading at NYSE, according to MarketWatch. Apple share has gained 38 percent this year, surpassing double-digit gains by both the Dow Jones Industrial Average and S&P 500.

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