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Apple forecasts revenue above estimates, shares sail to record

(Reuters) - Apple Inc forecast current-quarter revenue largely above Wall Street estimates on Tuesday, helping to allay investor concerns about a possible delay in the launch of the iPhone's 10th-anniversary edition later this year, and sending its shares to an all-time high.

The world's most valuable technology company beat on every major top line metric, reporting better-than-expected fiscal third-quarter iPhone sales, revenue and analysts' earnings per share estimates.

The stock climbed above its intraday record high in late trade, up about 6 percent to $159.

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 with a $1,000 plus price tag.

The company forecast total revenue of between $49 billion and $52 billion for the current quarter, while analysts on average were expecting $49.21...


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