Apple Shares Soar as CEO Defends China Policy
Everybody’s picking up the phone. Apple’s stock rose 6 percent to an all-time high above $159 in after-hours trading Tuesday following reports of strengthening iPhone and iPad sales. The company is predicting revenue of as much as $52 billion for the current quarter, which pushed the Dow Jones above the 22,000 mark today. Meanwhile, Apple CEO Tim Cook defended the removal of VPNs from its Chinese app store, widely seen as abetting internet freedom crackdowns, saying the company must follow existing laws even if he’s hopeful restrictions will loosen.