
Apple stock has risen sharply after the Cupertino company announced a new version of its Mac mini computer, and the US Federal Reserve on Wednesday announced that it was keeping its benchmark interest rate unchanged.
The Cupertinos latest foray into 3D printing follows a string of moves by the tech giant to get more users on its smartphone and tablet line, including the release of a new Apple Watch last year.
Apple’s share price has also shot up in recent weeks amid its efforts to expand the iPhone range.
The company on Tuesday reported its first quarter revenue of $2.09bn, up 17% from the previous year, and its profit fell 7% from a year ago to $1.06bn.
Shares of the company have jumped by almost 60% in the past year, with the latest jump of nearly 8%.
Analysts said the iPhone 5S was likely to help the company’s profits, which have been hit by falling smartphone sales, and that it may help Apple cut down on its reliance on third-party suppliers.
However, the firm’s shares have been on a tear this year, surging more than 400% over the past five months.
The US Federal Open Market Committee will meet for its first meeting since December in a special session for investors.