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Podcast: Big Boss Interview
Episode: Apple profit and revenue higher than expected
Description: Apple has reported quarterly revenue and profit above Wall Street's expectations, fuelled by strong iPhone sales - particularly in emerging markets such as India (where the company recently opened its first stores). The US tech giant reported profits of twenty-four billion dollars ($24 billion) on revenue of ninety-four-point-eight billion dollars ($94.8 billion) in the first three months of this year.The US regional banking sector is coming under renewed pressure amid a crisis in confidence. Trading in the California lender PacWest was briefly suspended as shares fell more than fifty percent, after its owners confirmed it had explored strategic...