Apple posts strongest third quarter, nears $1 trillion value
Apple announced Tuesday that its profits rose 30% to $11.5 billion in April-June period, registering its strongest-ever third quarter. Apple's year-over-year revenue soared 17% to $53.3 billion, marking the fourth consecutive quarter of double-digit revenue growth.  To become the world's first tech company to hit the trillion-dollar market value, Apple share prices reportedly need to rise by 7%.