Apple

Tech giant Apple saw profits fall for the third consecutive quarter as it reported its full-year results, although iPhone sales continued to rise.

Shares in Apple have plummeted more than 5% this afternoon, after a disappointing reception for the tech giant's two new iPhone models released last night.

US stock exchanges halted all trading in companies listed on the Nasdaq on Thursday after a "serious" technical issue stopped it from quoting share prices accurately.

Investec's Clyde Rossouw has backed Samsung to confound market expectations of a slowdown in the smartphone market as he positions his Global Franchise fund for the second half.

George Soros has sold down all his gold holdings and has stocked up on unloved retailer JC Penney, nutrition supplement firm Herbalife, and tech giant Apple.

Shares of technology firm Apple soared yesterday after billionaire investor Carl Icahn revealed he had taken a large stake in the company, and is pushing for higher payouts to shareholders.

Apple shares rose by almost 5% in after-hours trading after its third quarter results beat analysts' expectations, boosted by strong iPhone sales.

TECHNOLOGY

Gordon Grender, manager of the GAM North American Growth fund, is holding a fifth of his portfolio in cash as he struggles to find attractive valuations in the US market.

Kames Capital has bought into the record $17bn corporate bond issue unveiled by Apple yesterday, saying the deal "has to be a buy" - but other fund managers are not so sure.