Apple breaks intraday record high for first time since 2015

Apple Inc’s share price hit an intraday record high on Tuesday for the first time in almost two years as investors raised bets that a 10th anniversary iPhone will boost lackluster sales. The stock touched an intraday all-time high of $135.09, beating its previous intraday high of $134.54 set on April 28, 2015.

Apple Set to Begin Making iPhones in India by April’s End

Apple Inc. will begin assembling iPhones in India by the end of April, a regional minister says, heightening its focus on the world’s fastest-growing major smartphone market as growth slows elsewhere. The U.S. company has tapped Taiwan’s Wistron Corp. to put together its phones in the tech capital of Bangalore in Karnataka, said Priyank Kharge, the state’s information technology minister.

European Apple Suppliers Advance After Stellar iPhone Sales Results

Imagination Technologies and other European suppliers to Apple rallied early Wednesday after the U.S. tech giant reported better-than-expected earnings backed by stellar iPhone sales. Chip designer Imagination jumped 3% to change hands a three-week high of 243 pence each by 08:30 GMT in London, while chip maker STMicroelectronics rose 2.2% in Paris to a 12.47 each, just a few cents shy of its all-time high of a 12.50 each.

Apple Sales Beat Estimates on Demand for Latest iPhones

Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.

Apple Sales Beat Estimates on Demand for Latest IPhones

Apple Inc. reported quarterly revenue that topped analyst projections, fueled by demand for the company’s latest and priciest iPhones. Apple said sales rose 3.3 percent to $78.4 billion, with earnings of $3.36 a share in the three months through Dec. 31. Analysts forecast profit of $3.22 a share on revenue of $77.3 billion, according to data compiled by Bloomberg.

Apple Said to Seek Lower Taxes to Start Manufacturing in India

Apple Inc. wants India to offer tax concessions on iPhones that the company plans to manufacture in the country, a person with knowledge of the matter said. The company wrote to the industry ministry last month seeking lower import and manufacturing duties, the person said, asking not to be identified citing rules on speaking to the media.

Apple’s Search for Better iPhone Screens Leads to Japan’s Rice Fields

Apple Inc.’s quest to adopt advanced displays for its next-generation iPhone hinges on a single supplier in the Japanese countryside. Canon Tokki Corp., surrounded by rice fields in the city of Mitsuke in Niigata prefecture, has a near monopoly on the machines capable of making screens with organic light-emitting diodes, which enable sharp, vibrant displays that use less energy.

The Inside Story of Apple’s $14 Billion Tax Bill

“The Maxforce” is the European Union team that ordered Ireland to collect billions of euros in back taxes from Apple Inc., rattled the Irish government, and spurred changes to international tax law. You’d think it might have earned the name by applying maximum force while investigating alleged financial shenanigans.