Apple exceeded expectations

Yesterday, the world's largest market capitalization company, Apple, outperformed analysts' average expectations. It happened only a day after the iconic smartphone iPhone X began selling in Australia with long queues.
Apple shares rose by 4%.
The company predicted first-quarter earnings of between $84 billion and $87 billion, which was in the upper range of average expectations of $84.18 billion.
Apple's market capitalization is already at about $868 billion, and is confidently moving toward the $1 trillion psychological limit. This would be the first company in history with such capitalization.
There are still many questions about the new X Series smartphone and how it will affect the results.
According to experts, if the company fails to meet the enormous demand for the new smartphone by Christmas, consumers will postpone its purchase for May, and may then focus their funds elsewhere.
Apple announced that it had sold 46.7 million iPones in the fourth quarter ended September 30, or above average experts' expectations of 46.4 million. The average selling price, however, has fallen to 618, compared to the forecast of 638 dollars.
The net profit of the company rose to $10.71 billion, or $2.07 per share, from $9.01 billion, or $1.67 a share a year earlier. This was again above analysts' average expectations for a profit of $1.87 per share.