Apple's strong Q3 2017 performance and Q4 guidance has led to its stock reaching a new all-time high. When trading opened on Wednesday, the company's share value increased 6%, bringing it to $159 per share and a market cap of $830 billion. In its earnings report this week, the company revealed sales of 41 million iPhones, 11.4 million iPads, and 4.29 million Macs.
The most significant growth during the quarter was with Apple's iPads, largely due to some recently introduced models. Investors responded well to that aspect of the report.
Apple also announced in the report that its services business (e.g. iCloud, Apple Music, App Store) is large enough to be considered a Fortune 100 company on its own.
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