Apple fails to impress Wall Street with $8.8bn profit

Apple has reported profits of $8.8bn (£5.7bn) with net profit up by 21% year-on-year and revenues up 23% to $35bn (£22.6bn).

The disappointment came because Apple fell short of Q3 forecasts.

Larry Magid, technology analyst at Cnet told 5 liveWake Up To Money that to a certain extent they had been a victim of their own success.

To listen to other Radio 5 live interviews, please visit the Best Bits page.