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Apple forecasts above estimates, shares hit new record

2 August 2017

Apple Inc. forecast current-quarter revenue largely above Wall Street estimates on Tuesday. Investor concerns about a possible delay in the launch of the iPhone's 10th-anniversary edition later this year. That has sent its shares to an all-time high.

Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come with a $1,000 plus price tag.