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Apple forecasts revenue largely above estimates, shares rise

(Reuters) - Apple Inc forecast current-quarter revenue largely above estimates on Tuesday, helping allay some investor concerns about a possible delay in the launch of the iPhone's 10th-anniversary edition later this year.

Shares of the world's most valuable technology company, which also reported better-than-expected third-quarter iPhone sales, were up 3.1 percent at $154.64 in extended trading.

The launch of the latest iPhone could potentially move to October or November, instead of September, due to production issues, according to media reports and analysts.

Apple is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come...


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