Apple unveils record iPhone sales

Technology giant Apple last night reported a fourth-quarter profit of $7.5 billion (£4.6bn), beating analysts’ expectations.But that compared to income of $8.2bn, or $8.67 per share, last year.

Sales of Apples flagship iPhones and iPads have rocketed. Picture: Getty
Sales of Apples flagship iPhones and iPads have rocketed. Picture: Getty

The earnings were helped by sales of 33.8 million iPhones, including models of the new iPhone 5s and iPhone 5c.

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The company said it sold 14.1 million iPads during the quarter, up very slightly from 14 million a year ago.

However, while still extremely profitable, the company ended its financial year with its first annual decline in earnings in 11 years.