Apple shares jump as iPhone X pre-orders go ‘off the charts’ | City & Business | Finance

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Apple has said that demand for the iPhone X, which will cost from £999 in Britain, has been “off the charts.”

Shares in Apple were up by more than 2 per cent after the US market opened, with news of strong demand for the new device also boosting UK companies that provide technology used in the iPhone.

Reading-based semiconductor designer Dialog Semiconductor’s shares were up by more than 5 per cent on Monday and Welsh materials supplier IQE gained more than 6 per cent.

Strong demand for the iPhone X, which includes features including facial recognition and wireless charging, could mean shoppers face delays getting their hands on the new device when it hits UK shelves on Friday.

An Apple spokeswoman said in a statement: “We can see from the initial response, customer demand is off the charts. 

“We’re working hard to get this revolutionary new product into the hands of every customer who wants one, as quickly as possible.”

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