The Chinese debut of the prior models, the iPhone 6 and 6 Plus, was delayed last year as the company awaited approval from regulators. Many analysts say China is poised to overtake the United States as Apple's biggest market.
Apple Chief Financial Officer Luca Maestri said in an interview the results in China were "spectacular" during the quarter and noted plans to open 40 stores there over the next 12 months.
Shares of the world's largest software company fell more than 4 percent after hours on Monday, as it forecast a slight sequential dip in commercial licensing sales this quarter, and only a modest increase in cloud-based revenue over the quarter just ended.
US stocks ended 2013 at record highs, with the S&P 500 posting its largest annual jump in 16 years and the Dow its biggest gain in 18 years. While across the Atlantic, the pan-European benchmark STOXX 600 clocked gains of 17 percent, after a year in which faith in a euro zone recovery returned to the markets.
Nasdaq OMX Group Inc agreed to buy electronic Treasuries-trading platform eSpeed from BGC Partners Inc for USD 750 million in cash, providing the exchange operator an entry into one of the world's largest and most liquid cash markets.
Louise Cooper, senior financial analyst, BGC Partners, says that it is all about QE at the moment. Bizarre expectations for QE are trying to boost the markets and yet there is a low float of skepticism as to whether QE will be of any use.
David Buik of BGC Partners expects bond yields to fall in the coming months due to this liquidity injection. "We have seen Italy come down from 6% to 5.5%. We have seen Spain threatening to dip below 5%. This is a big improvement.
An impasse over Greece's debt and the mass downgrade of nine of the eurozone's 17 countries saw European stocks fall on Monday. What is worrying Louise Cooper of BGC Partners is that it’s not just one downgrade.
European markets opened on a quiet note today. Investors weighed in the recent economic data from the eurozone. The key triggers for tomorrow are the sovereign bond auctions for Italy and Spain and the ECBs statement on the interest rate.
Louise Cooper of BGC Partners spoke to CNBC-TV18 about whether the new year rally in global markets is sustainable.
Investors hoping equity markets would ride into the new year on the back of a Santa Claus rally may well be disappointed, says Louise Cooper of BGC Partners.
In an interview to CNBC-TV18, Louise Cooper of BGC Partners gives her outlook on how markets will play out ahead of the European Central Bank's (ECB) meeting today which is largely touted to cut interest rates.
Louise Cooper of BGC Partners in an interview to CNBC-TV18 said that this week has been exhausting for the markets. However, the weekend is still full of news. "We have got an election in Spain on Sunday which is likely to bring in a new left socialist government," she said.
There are two ways as to how the pendulum may swing in the eurozone, says Louise Cooper, BGC Partners.
The recovery in business travel and exposure to fast-growing emerging markets are becoming the driving factors in the airline industry and those without it have no buffer against higher fuel costs.