Here are five things you must know for Friday, Nov. 3:
Shares of Apple were trading at $173.36 in premarket trading, pushing the tech giant’s market cap even closer to crossing the $900 billion threshold. The stock has risen more than 45% so far in 2017.
On the company’s conference call following the release of the results on Thursday, CEO Tim Cook said Apple was “bullish’ on the holiday season.
“This is going to be the best holiday season yet,” Cook said.
For the seasonally big December quarter, Apple guided for revenue of $84 billion to $87 billion, implying 9% growth at the midpoint and in-line with analysts’ estimates of $85.2 billion.
“Apple is selling more products, increasing revenues and making more money off services than ever before, and with the iPhone X still not shipped out, we believe there is still more to come from the company, said Cramer and the AAP team.
The company’s newest smartphone — the iPhone X — went on sale in stores around the world on Friday. The phone is priced at $1,000.
The company also said it agreed to sell its Tazo tea brand to Unilever (UL) for $348 million.
T-Mobile made a revised offer, which Sprint is considering, some of the people said. Terms of the new offer were unclear. The two sides could reach a deal within weeks, the people said, but the two companies could still fail to agree on deal terms.
T-Mobile CEO John Legere spoke with Sprint CEO Marcelo Claure on Wednesday, Nov. 1, after a T-Mobile board meeting in New York where directors agreed to renew their overtures to Sprint to keep the deal alive, one of the people told the Journal.
Shortly before 7 p.m. Thursday, social media reports surfaced that the president’s personal account, @RealDonaldTrump, was unavailable, providing the error message that the user “does not exist,” the Associated Press reported. The account was restored by 7:03 p.m.
Twitter took responsibility for the outage. In a tweeted statement, the company said Trump’s account was “inadvertently deactivated due to human error” by one of its employees. The account was unreachable for 11 minutes.