iPhones

Apple regains $1 trillion crown after shares jump

Apple logo surrounded by US dollars
Reuters

Apple is once again worth $1 trillion after shares in the technology giant opened 5.02% higher after revealing its third quarter results last night.

The rise in its share price to $219.26 means Apple regains the status it lost last November when it forecast weaker sales for the fourth quarter which included the crucial Christmas period.

On Tuesday evening, Apple reported better than expected sales for the third quarter, helped by rising sales of its services such as its software store and music which helped offset falling iPhone revenues.