Apple forecast current-quarter revenue largely above estimates on Tuesday, helping allay some investor concerns about a possible delay in the launch of the iPhone’s 10th-anniversary edition later this year.
Shares of the world’s most valuable technology company, which also reported better-than-expected third-quarter iPhone sales, were up 6% at $ 159.16 in extended trading.
The launch of the latest iPhone could potentially move to October or November, instead of September, due to production issues, according to media reports and analysts.
One thing I have learned about Apple is no matter how long they wait to launch the iPhone people will still wait in line for it all over the world. Investors have nothing to worry about with Apple.