Apple: The technology giant saw its net income rise 12 per cent to $7.75 billion U.S. in the three months ending June 28. Revenue was up 6 per cent to $37.4 billion U.S. about $600 million below analyst forecasts, according to The Toronto Star, Canada. This fall, Apple is expected to debut iPhones with bigger screens, a smartwatch device, and an upgrade to its Apple TV set-top box and Apple Inc. reported a double-digit gain in profits for the third quarter as strong sales of iPhones and Macs made up for sagging demand for the iPad. The results, mostly in line with Wall Street estimates, come as Apple gears up for some of its most anticipated product roll-outs in years.
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