The technology giant sold 37 million iPhones in October-December 2011, accounting for 53 per cent of Apple's revenue in the quarter. The numbers exceeded analyst estimates and propelled the company to record quarterly results.

Apple took Samsung to court in Australia after accusing Suwon, the South Korea-based company, of copying its iPad and iPhone.

Art Levinson, on Apple's board since 2000, becomes non-executive chairman, while Disney CEO Robert Iger joins as a director at the Cupertino, California-based company.

\"Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives,\" Apple's board said in a statement. \"The world is immeasurably better because of Steve.\"

Tuesday's launch will the first for Tim Cook, who took over as the technology giant's CEO in August, following the stepping down of Steve Jobs after being out on an indefinite medical leave since January.

Dubbed as the most powerful smartphone, Apple is all set to launch its new iPhone - iPhone5. The new iPhone is expected to feature the latest iOS mobile software and iCloud service, which will store content such as music, documents, apps and photos on Apple's servers and let you access them wirelessly on numerous devices.

Apple Inc will launch ts iPhone 5 at a special event next week on October 4 at Apple campus in Cupertino, California.

Apple Inc.'s stock gained 5.9 per cent to $374.01 on Tuesday, bringing its market capitalisation to about $347 billion. Exxon Mobil Corp's stock, meanwhile, closed up 2.1 per cent at $71.64.

Vikram Ajjampur, an iPhone user in Florida, and William Devito, a New York-based iPad customer, sued the company on April 22 in federal court in Tampa, Florida.

On Wednesday, it rubbed it in with quarterly results that had only one blemish: It couldn't make the new iPads fast enough.

Unless America’s business schools make radical changes, society will become convinced that MBAs work to serve only their own selfish interests.

From Louis Vuitton luggage to chic glam glasses, take your pick from these brand new buys.

Top 5 smartphones launched in 2015

Robbie Bach, President, and Devices Division, Microsoft has an interesting job. While the rest of the company makes money selling software, Bach’s job is to transform Microsoft into a consumer electronics company as well. And he’s had some luck.

Why Apple Watch looks more promising