Apple shares hit record as iPhone X launches

Apple shares have risen to a record high as the tech giant’s iPhone X hit shelves around the world.

The launch coincided with strong results for Apple, with sales increasing by 12% to $52.6bn (£40bn) for the three months to September.

The tenth anniversary iPhone, which retails for £999, is Apple’s most expensive handset yet.

Analysts said Apple was now closer to becoming the first trillion dollar company, as shares rose 2%.

The California-based firm, which also sells computers, iPads and makes revenue from apps, is now valued at nearly $900bn (£690bn).

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