23 July 2013 Last updated at 16:56 ET
Concerned investors had been asking questions of Apple's future
Computer and smartphone maker Apple has reported slightly better-than-expected profits for the third quarter of the year.
It made $6.9bn (£4.5bn) profit for the last three months, partly thanks to good sales of its iPhone smartphone.
However, the figure was 22% below that reported for the same period in 2012 and profit margins were also lower, down from 42.8% to 36.9%.
Despite this, the news sent its shares up 4%.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23428109#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
