By John Glenday

Apple regained its mojo over the third quarter after sales of its flagship iPhone comfortably beat analysts’ expectations, lifting its stock price by 6% in the process to an all-time high of $159.10.

Over the period iPhone sales rose 1.6% to reach 41.03m, well ahead of consensus expectations of 40.7m devices – giving the Cupertino based firm the confidence to boost sales forecasts for the fourth quarter to as high as $52bn.

The surprise surge puts Apple in the strongest position possible ahead of the launch of its long awaited 10th anniversary phone with sales, revenues and earnings Read full story ›

Source: The Drum