As the markets opened this morning, Apple’s stock price was at $103, reports 9to5Mac. This is 7% higher than the company’s $97 price at the markets’ close yesterday, and reflects investors’ increased expectations after a quarterly earnings report that also pleasantly surprised Apple itself.
Apple CEO Tim Cook observed that the results for 2016’s third fiscal quarter “reflect stronger customer demand and business performance than we anticipated at the start of the quarter,” before noting the “very successful launch of iPhone SE”, the 4-inch handset released in March.
Plus, the Services business saw year-on-year growth of 19%, helped along by the financial success of the App Store and Apple Music. iPad revenue increased by 7% – a trend Cook attributed to the March arrival of the above-pictured 9.7-inch iPad Pro, the price of which starts at a relatively high $599.
