DHAKA: Apple has posted a record third quarter as soaring demand for iPhones sent profits higher.

The technology giant sold 47.5 million iPhones in the quarter to 27 June, up 35% on a year ago, with Mac computer sales up 9% to 4.8 million.

The performance resulted in what chief executive Tim Cook called ‘an amazing quarter’, reports the BBC.

Profits rose by 38% to $10.7bn (£6.87bn), while revenue was up 33% to $49.6bn.

The third quarter is typically the slowest for iPhone sales because many customers put off buying new phones, on the expectation of a new model.

Despite the strong results, shares fell 6.7%, or $8.85, to $121.89 in after-market trading in New York.

Analysts blamed the fall on disappointment about the company’s revenue forecasts for the fourth quarter, which were slightly lower than expected, as well as the firm’s profits being too heavily dependent on the iPhone.

BDST: 1315 HRS, JULY 22, 2015
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