Apple has posted a record third quarter as soaring demand for iPhones sent profits higher.
Apple proves its mettle as the technology giant by selling 47.5 million iPhones. It is an amazing annual increase of 35% while Mac computer could only notch up 9% by selling 4.8 million pieces. The third-quarter is a slowest selling period for iPhones because the customers would rather wait for new models to enter the market.
Profits increased by 38% to $10.7bn (£6.87bn) while revenue shot up by 33% to $49.6bn.
But, shares fell by 6.7%, or $8.85, to $121.89 at the New York after-market trading. Because of the lower revenue forecasts for the fourth quarter heavy dependence is on iPhone sale.