Apple reports new sales record for third quarter as it eases toward $1tn mark

Tech giant reported a $11.5bn profit, up 32% from the same period last year, and sales increased 17% to $53.3bn, a new record

Apple Inc reported better than expected sales figures for the third quarter, pushing shares of the iPhone giant higher and easing the value of the company up from $935bn toward the symbolic $1tn threshold.

"Growth was strong all around the world," Apple finance chief Luca Maestri said.