this is business briefing. i'm sally bundock. not a bruise in sight. apple earnings beat expectations on sales, profits — even in china there was a nice surprise for investors. restoring trust. facebook‘s mark zuckerberg unveils a new way for users to wipe their history and find love. and on the markets the big focus is the federal reserve meeting in washington. right now in asia, it's a mixed picture with apple suppliers on the up. profits have surged at the world's most valuable listed company, as consumers continue to splash the cash on apple's most expensive iphone. the firm had revenues ofjust over $61—billion over the past three months — that's a 16% increase on last year.

profits reached $13bn — a 25% increase. apple's business model is very heavily reliant on the iphone and it managed to selljust over 52 million handsets — that's up byjust 3%. despite this, the total value of iphone sales is actually up as an increasing number of customers move across to theirflagship iphonex. costing $1,000. apple may be struggling with a saturated smartphone market, but the company's share price is still up over 40% from the start of last year. following the us government's overhaul of the tax system, the tech giant has announced a $100—million buyback of shares. lianna brinded, europe news editor at quartz. to this eu. you and i werejust

chatting before going on our own both of us were saying it is hard to find a negative in this report out from apple overnight. absolutely. it was a bit of a surprise, we were expecting to see maybe dampened revenue but they knocked it out of the park, beating expectations on profits, revenue, iphone sales, especially of the iphone at. even china, where we have not seen great demand for apple products, so much competition with home—grown rivals, much cheaper, the $1000 iphone x picture back a lot. but they are growing their too. china is now fast approaching the second—largest market outside the us, that is a margin of where they can grow and it is making success in those emerging

markets. or will it do now? there was a big launch of the iphone x. theiphone was a big launch of the iphone x. the iphone eight and eight plus as well, there was a lot going on last year, it was the anniversary of the iphone, lot of elements to go for but what about in the year ahead, what will go on now for apple? they are tried to position themselves as not just the are tried to position themselves as notjust the iphone company, they are trying to push other products, trying to reposition the tablet as a replacement computer. that hasn't necessarily happened by per unit sales, computers are more popular. the big right spot is in services, think about apple music, that kind of area, apple tv. they want to lock you in and keep you there. they are seen you in and keep you there. they are seen expansion in apple services as well, that is growing. many do keep asking this question, apple is very

reliant on the iphone. if sales are not doing well, apple is struggling and it has not come up with a new innovative product concerned, has it? absolutely. services have been growing for each quarter, that has been bullying them up but that can't go on forever and they need a new, big product like the iphone when it first launched. the apple watch has come and gone. we are not even talking about that, really. the apple watch is a weird one, not popular in the west but it has been growing in places like china, that could be an area where they can see some upturn. nice to see you. thanks for your thoughts. shares up 3% after hours trade. mark zuckerberg is trying to regain trust after the data scandal that has engulfed facebook. at the company's f8 developer conference he unveiled a new way for users to wipe their facebook history, but he also announced that the social network would be getting into dating, here's our technology correspondent rory cellan—jones. it had been an intense years. now

mark zuckerberg had the tricky task with sharing that things were about to get at. but first another apology. what happened with cambridge analytica was a major breach of trust. and at developer took data that people had shared with them and sold at. promised action had been taken to stop that from happening again and there was a new way for users to control how closely they were tracked on facebook. it is a simple control where you can clear your browsing history, what you click on and we are going to call it clear history. but for all the apologies and promises to do better, the mission to ta ke promises to do better, the mission to take facebook into ever more areas of lives continues. a new dating service was announced with plenty of privacy baked in, of course. he had to audiences, the 5000 developers in the hall worried about their businesses and the 2 billion or so facebook users around

the world worried about their privacy. let's see what the developers thought. the audience is a little less well attended this year. the applause was pretty tepid. i think people are expecting more from facebook and there. the whole world is watching and is curious as to what he had to say, a lot of it is pr but at the same time try to motivate developers. and developers haveissues motivate developers. and developers have issues because he causes some things but it is better for the world at —— world. things but it is better for the world at -- world. but the senior tea m world at -- world. but the senior team know there is more to be done to rebuild trust. another one thing thatis to rebuild trust. another one thing that is important is that the people we are out here to serve our being served in a way that they understand what we are doing, ensuring that we are building trust and when it is said and done, there is nothing i can say right now that will close that gap. it will be through our actions. these events used to be all about the onward march of technology, now in less innocent times, facebook is having to prove

that it times, facebook is having to prove thatitis times, facebook is having to prove that it is making our lives better, not worse. many of you have been in touch about what mark zuckerberg had to say. if you check out our hash tag you can see what they are. now let's brief you some other business stories. shares in the owner of snapchat have plunged during after hours trade, after it added fewer users than expected and forecast substantially slower revenue growth. shares tumbled more than 16% as an app redesign turned off some users and advertisers. in a surprise move, the ratings agency standard and poors has cut turkey's debt rating further into junk territory. the decision, which was not part of its scheduled reviews, reflected worries about inflation and a sell—off of the turkish lira. the maker of 0reo cookies and toblerone is tasting some sweet profits. mondelez reported sales rose to nearly $7 billion in the first three months of the year, beating analyst estimates. the snacks company gets is seeing growing demand from latin america and asia. in its 15 years life,

the electric car maker tesla has never turned a profit and that isn't expected to change when the company reports earnings later today. but historically, its unprofitability hasn't stopped investors from pouring billions into the company. but as production woes continue to mount and bankruptcy rumours continue to grow, could that goodwill be coming to an end? the bbc‘s kim gittleson reports. the electric car maker tesla has a lot of true believers. but even among them, this woman stands out. after encountering a model at a show, her and her husband fell in love with the car and the company. as soon as you drive a tesla people ask you it like about it, my cancer was that they didn't have more. they immediately got in line for another model. but it was a long wait. anyone who knows me knows i would have waited ten years. very few

companies commandeer such loyalty. 0ne companies commandeer such loyalty. one of tesla's biggest strengths has been transiting the enthusiasm of its drivers into cash. that in turn has attracted investors who are eager to be a part of the next big technology win. at the problem for tesla is it is also a car company. and car companies need a lot of cash. so even though tesla has nearly a harsh and $54 million in customer deposits and billions more from bondholders, this chart of the company ‘s cash flow from 2010 shows it is per burning through its cash reserves as it struggles to keep up to its ambitious manufacturing targets. that has some investors bidding against them, saying they could soon file for bankruptcy. bidding against them, saying they could soon file for bankruptcylj think could soon file for bankruptcy.” think the stock will fall significantly, at which time the capital markets will close the tesla entirely and that is a matter of time, given their losses on their capital expenditure needs and then, presumably, the suppliers will ask

to get paid before shipping cars. all of these things combined will lead tesla to file. in fact, more investors are betting against tesla than any other us stock. shares have plummeted nearly a quarter since september. but hasler founder elon musk, has lashed out at those who raised concerns, reiterating that the company will be profitable later this year. the question is, can tesla accelerate its profits as fast as its cars? let's quickly show you financial markets. as we saw earlier, all of the markets in asia are lower and all of the markets are open for the first time this week, all eyes on the federal reserve as it wraps up its two—day meeting. that is your business briefing. doctors in

scotla nd business briefing. doctors in scotland have made history after, —— carrying out a conflict headed operation. noah connell from glasgow has a rare condition which could have stopped him from breeding. the operation involved inserted metal plates and tens into his face. —— pins. noah will celebrate his first birthday on saturday. he was born with a rare genetic condition that means he has trouble feeding and breeding. in his short life, he has already had a series of operation. including one that is believed to be the first of its kind in the world. basically, these two pins on both sides are holding his jaw and the

stick sectors basically, they attach his skull to they don't come off. is jewel has been broken into places and a kind of scaffolding put in place to rebuild his face. the aim is to move his jaw forward to. place to rebuild his face. the aim is to move his jaw forward tom means that the tongue would fall back as much, meaning that the airway won't obstruct and shut, we can close at any time. thing is crossed that that will definitely help. what is especially rare in this case is how young he is to have this case is how young he is to have this kind of treatment. but despite all he has been through, he keeps smiling. and his young parents are just smitten. we wouldn't change in any way at all because we feel as if it has made us stronger,. honestly, he is remarkable, an inspiration to everybody. in eight weeks that metal

pieces will be removed, the family are hoping for success. coming up at 6am on breakfast, dan walker and louise minchin will have all the day's news, business and sport. this is the briefing from bbc news. the latest headlines: armenia's opposition leader has warned that protests will continue, after parliament blocked him from becoming prime minister. police in rome have insisted they can guarantee the safety of football fans ahead of tonight's champions league semifinal. it follows violence at the first leg in liverpool. vatican treasurer cardinal george pell is expected to face two separate trials in australia on sexual assault charges. he denies any wrongdoing. and the top business story: a bruising site for apple. if earnings beat expectations on sales and

profits, even in china there was a nice surprise for investors. now it is time look at the stories that are making the headlines in media across the world. we begin with the telegraph — and uk prime minister theresa may who has been warned by some in her party the government will "collapse" if she does not abandon plans for a post—brexit customs partnership with the eu. the reuters website looks at armenia where opposition leader nikol pashinyan has called for a nationwide campaign of civil disobedience after the ruling party thwarted his bid to take over as prime minister. the ft focusses on tax havens and new uk measures to tackle money laundering and corruption. british 0verseas territories such as the cayman islands and bermuda, will now be forced to lift the veil of secrecy over the ownership of companies. rolling stone magazine carries bad news for lovers of rock & roll who won't be happy to hear that gibson, the maker of some

of america's most iconic electric and acoustic guitars, has filed for bankruptcy. and from one rolling stone to another, legendary artist bob dylan is to enter the booming celebrity branded spirits market with his own whiskey heaven's door. according to the new york times, it will be a collection of three whiskeys — a straight rye, a straight bourbon, and a double—barrelled whiskey. you might think it is a bit early for whiskey. we will talk about it anyway. jonathan giles is back.