Apple stock soars to a new high after company announces record holiday App Store sales

Getty Apple shares surged to a record high on Wednesday after the company revealed App Store customers spent $1.42 billion between Christmas Day and New Year's Eve. The record holiday-week sales represent a 16% increase from the year-ago period. App Store revenue totaled $386 million on New Year's Day alone, Apple said. The record-high close follows an 86% gain through 2019, as strong iPhone 11 demand and a rapidly expanding wearables business fueled Apple's best year since 2009. Watch Apple tra...