iTunes sales were up to $4.6 billion in Apple's fiscal Q4 report - a 7% rise year-on-year up from $4.3 billion - while the company's net profit hit $8.5 billion.

Apple topped analysts’ expectations with iPhone sales also rising.

Wall Street experts were expecting Apple to earn $1.30 a share on $40 billion revenue; the tech giant earned $1.42 per share on $42bn.

Analysts also predicted sales of 38 million iPhones, while Apple sold 39.27m - a 16% increase quarter-over-quarter. ...