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Apple Announces Record iPhone Sales Over Holiday Quarter

Customers browsing products inside an Apple Inc. store in New York.
Photographer: Ron Antonelli/Bloomberg
Updated on

Apple Inc. rose the most in nine months after posting the biggest sales increase in three years last quarter on an array of new products and a forecast of further growth.

The shares gained 7.6 percent to $117.43 at 9:43 a.m. Wednesday in New York, and traded as high as $117.92, the biggest intraday gain since April. Investor enthusiasm for larger-screened iPhones and refreshed Mac computers introduced in September boosted Apple’s market capitalization by about $48 billion to $684 billion in a night.