Apple gets revenue boost as iPhone sales escalate.
US based tech giant Apple has reported its quarterly profits at $7.75bn, which is up by 12 % compared to the same period in July 2013. Reports say that the company has sold about 35.2 million iPhones between March to June, this has marked an escalation in profit by 13% compared to last year.
The company has noticed a strong growth in BRICS countries like Russia, Brazil, South Africa, India and especially in China where iPhone sales have grown to 48%.
On the other hand, iPad sales were in for a slight slump as they recorded a consecutive fall in the second quarter. Figures estimate that iPad sales dropped by 9% to 13.3 million.
The chief executive of Apple, Tim Cook in a statement said that he was “incredibly excited” about the new operating systems for the iPhones and computers, and the new products and services that they cannot wait to introduce.
For the past two years the company has been launching their new iPhones in September and this year, analysts expect the September release – iPhone 6 – to come with new and renewed features.
The iPhone has been a crucial product for Apple as it generates most of the revenue.
Photo Credits: IB Times