Shares of tech companies rose sharply after strong chip-sales data. Chipmakers rallied after the Semiconductor Industry Association said sales in November rose 23% from the prior-year period. Piper Jaffray survey of 400 iPhone buyers indicates the iPhone X will account for 38% of models sold in fiscal 2018 while the iPhone 8 will account for another 40%, boosting the average selling price and profit margins for Apple.
-Rob Curran, firstname.lastname@example.org
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(END) Dow Jones Newswires
January 02, 2018 16:41 ET (21:41 GMT)