Profits up, share price down for Apple

Martin Cloake
Apple HQ, Cupertino
Apple HQ, Cupertino

Apple has posted annual results showing net profit for the year rose 85% to $25.9bn. But Wall Street was expecting more and the company's share price had dropped 5% when the market closed last night. That's an extraordinary combination of facts. But Apple is an extraordinary company and this, it seems, is the price of success. With the figures the first to be released since the death of Steve Jobs, many are tempted to see a turning point.