Apple has just released superb trading figures for the last quarter of 2011 with profits of over US$13 billion up 118% on the same period in 2010.

Over 37 million Iphones were sold in the period as a new model was released, double the amount sold in Q4 2010, despite intense competition from their opposition who seem to be continually playing catch up.

The new CEO Tim Cook, was very pleased with the results that bode well for the future of Apple, after the passing of the irreplaceable Steve Jobs and sees the future with more innovative products coming on stream, as very bright indeed.

Investors agreed with him, worried after Jobs death that Apple would lack his drive and imagination, sending Apple shares some 8% higher.