Apple hints iPhone 8 won't be delayed as company's shares hit record high

Shares in the world's most valuable company went up close to 6% in after-hours trading following the news, adding $40bn to Apple's current value

Apple shares soared to an all-time high on Tuesday afternoon after the tech company announced it had sold 41m iPhones in the last three months. Apple also appeared to scotch rumors that the iPhone 8 - the phone that will mark the 10th anniversary of the original model - has been delayed. Profits were up by 11.9%, to $8.72bn.

The news was enough to send shares in the world's most valuable company up close to 6% in after-hours trading - to $159 a share - adding close to $40bn to the value of the company.