Apple shares hit record close on optimism for next iPhone

Apple shares hit a record on optimism the next iPhone will drive a resurgence in sales and help the company’s services businesses grow. The stock climbed less than 1 per cent to $US133.29 at the close on Monday in New York, the highest on record. The increase valued Apple at about $US699 billion, making it the world’s most highly capitalised company. Google parent Alphabet is next at $US573 billion, according to data compiled by Bloomberg.

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