Apple takes yet another giant bite out of its competition, making a profit of over 11 billion in the Third Quarter of the year. Up up and away, us shares hit a record high for a fifth day in a row. We tell you whats driving the astonishing growth. Welcome to World Business report. Im sally bundock. Also in the programme well be live in china for the latest on a possible trade war with the us. Lets start with the worlds most valuable company. Apple has published its latest set of results and they show revenue growing to 16. 1 billion for the three months tojuly. That combined with a prediction that it will bring in as much as 52 billion in the next quarter saw shares rise by up to 6 in after hours trade to hit a record high. Apple made a pre tax profit of 11. 3 billion in the three months from april to the end ofjune, a solid rise on the previous year. This year the iphone is ten years old, but its not been performing so well in china, where sales this quarter were flat and total chines
high unemployment, high taxes and high gas prices are to blame. but don t worry about that last one. gas prices have fallen by $0.06 in the past week mainly because designers are over producing. if you are filling up this morning expect to pay $3 $3.55 a gallon. the government says next year drivers will pay an average $3.37 that is the lowest since 2010. apple will reportedly unveil the new iphone we have been waiting for it on september 10th. it is expected to look like the current iphone 5 but you have to add a finger print reader for security and a better camera. arch rival samsung may be filling out this one reportedly releasing the galaxy smart phone the week before. everyone uses their cell phone to take pictures now anyways instead of making calls. i went on vacation no one had