Apple's stock hit a new record high shortly after the opening bell Friday.
The stock was trading above $120. The previous high was about $119.
Apple delivered record earnings Tuesday.
Last quarter, it sold 74.5 million iPhones and made $18 billion in profit, the most profit any company has ever made in a single quarter.
Meanwhile, Apple's biggest smartphone rival Samsung had a rough quarter. Profits were down 27%, mostly due to weak phone sales.
See Also:
- No One Can Beat The iPhone
- Dear Skeptics, Here's How Apple Will Continue To Demolish Expectations
- Citi: 5 Reasons Why Apple's Stock Is Going Up
SEE ALSO: No one can beat the iPhone
