Apple sore to fresh record high after Q3 earnings blowout


Apple Inc. (AAPL) – Get Report Shares hit a high for the first time on Friday, trading strongly with the $ 400 mark for the first time, as the tech giant blew up third-quarter earnings due to an epidemic due to store-closures and supply chain disruptions .

Apple said the three-month earnings ending in June, the group’s fiscal third quarter, rose 25.9% to $ 2.58 per share from the same period last year, ahead of the Street consensus forecast of $ 2.05 per share. The group said its $ 59.7 billion group revenue in street-beating increased 13.4%, benefiting every geographic region and across all product lines.

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