Tuesday, 20 November 2018

Apple to stop reporting sales numbers

Apple briefly lost its $1tn valuation on Thursday when its shares fell 7% in after-hours trading despite posting record results.

The tech giant's strategy of charging more for its phones has paid off, with revenues jumping in the last three months despite relatively flat sales.

Revenues rose 20% to $62.9bn year-on-year, and profits rose 31% to $14.1bn.

https://www.bbc.com/news/business-46066977

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