Apple Sets Another Remarkable Record, Shares Rise 3%


Apple has come into the limelight once again, following the irresistible demand of users for iPhone 7. The most recent flagships were sold with a whopping addition of 5% to the expected shipment during the October – December slot.


Apart from iPhones, the App Store has also come out as a star performer with a revenue valued at $7.2 billion, which is a big notch above than other technology companies. According to Wall Street Journal, the App Store sales are thrice than that of Netflix. As a natural consequence, Apple shares shot up by 3% to more than $125 each.

However, Apple’s performance has not been amazing in China, where it lost key stakes to Chinese powerhouses, like Oppo and Huawei.