By Marcus Leach

Apple have reported full year results that show an 85% increase in net profits from last year, at $25.9 billion.

The world's biggest technology company still saw shares close 5% down on Wall Street in after hours trading.

In the fourth quarter of the year, Apple sold 17.1 million iPhones, a 21% increase on the same period last year, and 11.1 million iPads, a 166% increase.

It had been expected that 20 million iPhones would have been sold, although the shortfall can be largely attributed to customers waiting for the iPhone 4S.

Apple sold four million of the new model iPhone in the first three days after launching it.

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