Apple profits through the roof

Apple shares have come in for some serious selling, losing 16% this year as analysts thought that the recently released Ipad 3 was not innovative enough but consumers can't get enough of them and the Iphone, which is taking market share from Android handsets.

Their profit figures for the last quarter are US$ 11.6 billion, up US$ 6 billion and way ahead of expectations.

Over 35 million Iphones were sold in this period, a massive increase of 88%, with the Ipad sales coming in just under 12 million.

More innovation this year has been promised by Apple CEO Tim Cook, who hopes to put to bed for good, a feeling that Apple's innovative flair died when Steve Jobs passed away last October.