If consumers are holding out for the next iPhone, they've still been spending plenty of money at Apple Stores in the meantime.
Shares were set to open at a record high Wednesday, with a market capitalization of over $830 billion, after the iPhone maker reported better-than-expected earnings.
The stock climbed more than 6 percent in extended hours trade and were set to open near $160 a share, on track to surpass the $156.65 intraday high set on May 15. The gains in Apple were also poised to push the Dow Jones industrial average over the psychologically key 22,000 level.
Apple reported fiscal third-quarter earnings on Tuesday that beat analysts' expectations, and revenue that topped estimates, as it sold more iPhones than expected.
Apple shares 2-day performance (extended hours)