NEW YORK (TheStreet) -- Shares of Apple are up 8.44% to $118.35 in pre-markert trade as CEO Tim Cook's array of new products boosted the company's sales growth last quarter to the highest level in three years, with momentum set to continue as the company rolls out its first smartwatch, Bloomberg reports. Apple yesterday reported a 30% increase in fiscal first-quarter revenue to $74.6 billion, as net income jumped 38% to a record $18 billion.