iPhone X demand buzz propels Apple shares to all-time high

The company was worth roughly $860 billion as of Monday morning.

Roger Cheng Former Executive Editor / Head of News

Roger Cheng (he/him/his) was the executive editor in charge of CNET News, managing everything from daily breaking news to in-depth investigative packages. Prior to this, he was on the telecommunications beat and wrote for Dow Jones Newswires and The Wall Street Journal for nearly a decade and got his start writing and laying out pages at a local paper in Southern California. He's a devoted Trojan alum and thinks sleep is the perfect -- if unattainable -- hobby for a parent.

Expertise Mobile, 5G, Big Tech, Social Media Credentials

SABEW Best in Business 2011 Award for Breaking News Coverage, Eddie Award in 2020 for 5G coverage, runner-up National Arts & Entertainment Journalism Award for culture analysis.

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Roger Cheng

Oct. 30, 2017 9:50 a.m. PT

apple-091217-iphone-x-4120 — The iPhone X has Wall Street feeling buzzy.
James Martin/CNET

Apple's having a good Monday.

Shares of the consumer electronic giant hit an all-time high of $168.07 on Monday morning, valuing the company at roughly $860 billion. Shares are a bit off that peak, more recently trading at $166.63, up 2.2 percent from the previous close.

Apple on Friday said that advance orders for the iPhone's 10th-anniversary edition, the iPhone X, have been "off the charts," squashing some concerns over tepid interest in the US and China for the iPhone 8 and 8 Plus released in late September.

The company will report its quarterly financial results on Thursday and will release the iPhone X on Friday.

Apple could not immediately be reached for comment.

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