News

Technology

Apple has enjoyed a 33 per cent leap in quarterly profits to $13.6bn (£8.9bn) thanks to strong iPhone sales.

Record results for the first three months of the year also showed revenue reached $58bn (£38bn), up from $45.6bn (£30bn) in the same period the year before.

Apple sold more than 61 million phones in the period, which delivered two thirds of its revenue and marked a 40 per cent increase on the first three months of 2014.

Tim Cook, Apple’s chief executive, said: “We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever.

“We’re seeing a higher rate of people switching to iPhone than we’ve experienced in previous cycles, and we’re off to an exciting start to the June quarter with the launch of Apple Watch.”

Apple’s share price, which has gained more than 50 per cent in the past year, rose 2 per cent following the release of the results..

You may also like...

Keep Up To Date - Subscribe To Our Email Newsletter Today

Get the latest industry news direct to your inbox on all your devices.

We may use your information to send you details about goods and services which we feel may be of interest to you. We will process your data in accordance with our Privacy Policy as displayed on our parent website https://ebm.media