New Delhi, November 3: Shares of tech giant Apple hit a record high on Friday as iPhone X orders pushed up profit. With the new record, Apple is worth around $868 bn, which is closer to becoming the world’s first $1 tn company. As Apple iPhone X is scheduled to hit stores on Friday in about 50 markets around the world, its stocks saw a major surge during early morning trade on Friday. In India, the much-touted Apple smartphone-the iPhone X is going to go live on sale at 6 PM on Friday in most offline and online store.Also Read - Apple's Smart Speakers HomePod Mini Goes On Sale, Available In New Color Options And Price | Checkout Video
The flagship Apple smartphone-iPhone X will be available in two versions. The 64GB version is priced at Rs 89,000, while the 256GB version will cost Rs 1, 02,000. As per reports, the company’s profits soared by a fifth as its flagship iPhone X hit stores in Asia today, with the company predicting bumper sales despite its eye-watering price tag. Apple mentioned that the net profit rose 19 per cent from a year ago to USD 10.7 billion in the fiscal fourth quarter to September 3 while the revenues were up 12 per cent to USD 52.6 billion. Also Read - Apple Halts Online Sales in Turkey After Currency Crash
Apple closed out its fiscal year posting a full-year profit of $48.35 billion, up 5.8 per cent, on revenues of $229 billion, a rise of 6.3 per cent from the previous year. As per PTI reports, Apple sold more iPhones, iPads and Mac computers than it did in the same quarter a year earlier. According to Apple earnings report, the sale of smartphones climbed by about a million units to 46.7 million in the 3 months. Apple chief executive Tim Cook said, “We’re happy to report a very strong finish to a great fiscal 2017, with record fourth-quarter revenue, year-over-year growth for all our product categories, and our best quarter ever for services”. Also Read - Apple Watch Series 8 Leak: Apple Watch Series 8 May Look Like This, Checkout Designs And Specs Here | Watch Video
He further added saying that Apple is looking forward to a great holiday season, and with the launch of iPhone X getting underway right now, the company couldn’t be more excited as we begin to deliver our vision for the future with this stunning device. The much-awaited Apple iPhone X is a flagship handset of Apple which marks the 10th anniversary of the first iPhone release.