Apple shares hit a new high on Wednesday after the company said customers spent a record amount in its App Store during the final days of the holiday season.
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App Store spending totaled US$1.4 billion ($1.99b) between Christmas Eve and New Year's Eve, up 16 per cent from the same period in 2018, the Cupertino, California-based company said in a blog post.
Since the App Store launched in 2008, developers have earned over US$155b, with a quarter of those earnings coming from the past year alone, Apple said.
The stock rose as much as 1.6%, pushing its gains since the end of 2018 to 92%.