Apple Inc.’s stock jumped to its highest price ever, after record sales of iPhones and iPads helped third-quarter profit blow past estimates.
Profit more than doubled to $7.31 billion from $3.25 billion a year earlier, Apple said. Sales climbed 82 percent to $28.6 billion. Analysts had predicted profit of $5.87 a share and revenue of $25 billion, according to Bloomberg data. Apple shares jumped 3 percent Wednesday to $386.90 on the Nasdaq Stock Market.