Apple shares hit an all-time high on Tuesday after research firm IDC released bullish estimates for the widely anticipated new iPhone.
IDC said it expects iPhone shipments to increase 9.1 percent in 2018 after the new iPhone 8, 7S and 7S Plus models are released. This would be the biggest iPhone shipment growth since 2015, IDC said.
Apple’s stock closed 0.9 percent higher at $162.91 per share. It also hit a record high of $163.12 and helped lift the tech-heavy Nasdaq composite.
