>> The long lines, the huge earnings, and another record high on the stock market. Apple hitting a sweet spot Friday with it's 10th anniversary phone arriving in stores around the world. Reuters reporter, Stephen Nellis is at an Apple store in San Francisco.>> Apples' holiday season forecast could be the best holiday quarter that the company has ever had, according to Chief Executive Officer, Tim Cook.
So Apple has an unprecedented number of iPhones on sale right now. The iPhone 10 has gotten a lot of the attention with their $1,000 price point, but they're also still selling the iPhone SC, which is essentially a retooled iPhone 5, for as little as $349. And in some markets like India, that phones have been very important.
Apple said it doubled its revenue year over year in India, mostly on the strength that more affordable phone.>> In China, Apple's most important growth market, the revenue slide was finally reversed in the September quarter, with a 12% jump compared with the same period last year. And it's not just the iPhone, Apple is saying they have sold more Macs, watches and iPads than ever before.
And its subscription based business for products like Apple Music also took off with its best quarter ever in September. All the good news and the return of the long lines helped Apple stock rise over 3% on Friday to a new intro day record high of $174. Giving the world's most valuable publicly-traded company a market cap of about $900 billion.
And at least five analysts now have stock price targets that would move Apple's market value past 1 trillion.