STUNNING results from US technology giant Apple sent blue-chip digital technology firm ARM Holdings to the top of the FTSE 100 Index.
Shares in Cambridge-based ARM, which supplies chip designs for digital products such as mobile phone handsets and MP3 players, rose by more than 3% or 7.5p to 250.5p after Apple bettered Wall Street hopes with second-quarter figures.
Apple sold a record 8.8m iPhones in the three months to March 27 – more than double the number sold a year earlier – making up 40% of the group’s sales.
Overall revenues were 49% ahead of a year earlier at £8.8bn – sending Apple’s shares to a record high overnight.
ARM Holdings was also boosted last week when strong results from chip maker Intel kicked off the US earnings season in healthy fashion.
Apple lifted sales of Macs by 33% to 2.9m. Sales of iPods fell by 1% to 10.9m.