Apple

Apple shares led the fallers on the Nasdaq shortly after open following a disappointing second quarter trading update from the tech giant.

Shares in technology giant Apple are today poised to fall around 5% after it delivered a trading update which missed expectations.

TECHNOLOGY

Billionaire investor George Soros sold out of Google in the first quarter of the year but built positions in US financials, latest filings reveal.

Lindsell Train co-founder Nick Train has called the beginning of a new technology bull run following Apple's explosive start to 2012.

Apple shares leapt as trading began on Wall Street today after it reported yesterday that profits had almost doubled in a single quarter.

Apple has seen its quarterly profit almost double, rocketing past analysts' forecasts and allaying fears of limited future sales of the iPhone.

Investors are concerned recent sharp moves in Apple's share price are distorting returns for the wider US market, suggesting some indices may have to be rebalanced to lessen the tech giant's dominance.

Apple shares are set to hit $1,001 within a year, lifted by growth in China, according to a broker note from Topeka Capital Markets.

A strong performance from US and Asian stocks has helped push global equity indices to their strongest start to a year since 1998.