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| Apple sales boosted by apps and music | Apple sales boosted by apps and music |
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| Technology giant Apple said newer lines of business such as Apple Pay, the App Store and Apple Music helped to drive growth in its third quarter. | Technology giant Apple said newer lines of business such as Apple Pay, the App Store and Apple Music helped to drive growth in its third quarter. |
| The services unit was what one analyst described as a "shining light", while sales were robust for Apple's hardware, including iPhones and iPads. | The services unit was what one analyst described as a "shining light", while sales were robust for Apple's hardware, including iPhones and iPads. |
| Quarterly profit rose 12% to $8.7bn (£6.6bn). Revenues grew by 7% year-on-year to $45.4bn. | Quarterly profit rose 12% to $8.7bn (£6.6bn). Revenues grew by 7% year-on-year to $45.4bn. |
| The news sent its stock surging more than 5% in after-hours trade. | The news sent its stock surging more than 5% in after-hours trade. |
| Apple, which also forecast strong sales, is expected to release new and updated iPhones next month. | Apple, which also forecast strong sales, is expected to release new and updated iPhones next month. |
| Apple chief executive Tim Cook was tight-lipped when it came to details on the new launch and said reports about the new phones may have caused some people to "pause" their purchases of the existing phones. | Apple chief executive Tim Cook was tight-lipped when it came to details on the new launch and said reports about the new phones may have caused some people to "pause" their purchases of the existing phones. |
| But "while that affects us in the short-term, it probably bodes well", he added. | But "while that affects us in the short-term, it probably bodes well", he added. |
| Even with some people waiting for the new models, Apple said the number of iPhones sold in the quarter increased a solid 2% year-on-year, driven by strong demand in markets such as Latin America and the Middle East. | Even with some people waiting for the new models, Apple said the number of iPhones sold in the quarter increased a solid 2% year-on-year, driven by strong demand in markets such as Latin America and the Middle East. |
| The growth lifted revenue from iPhones, which account for the bulk of the company's sales, by 3% to $24.8bn. | The growth lifted revenue from iPhones, which account for the bulk of the company's sales, by 3% to $24.8bn. |
| Apple also said the number of iPads sold climbed 15% year-on-year, while revenues from the product increased 2%. The rise follows the introduction of new models, as well as increased efforts to incorporate the tablets into operations at schools and in businesses. | |
| Revenue from other devices, such as the Apple Watch, Apple TV and Beats products, jumped 23% year-on-year. | Revenue from other devices, such as the Apple Watch, Apple TV and Beats products, jumped 23% year-on-year. |
| The one blemish on its results is China, where the company's revenues slipped 9.5% from a year earlier to slightly more than $8bn (£6.1bn). | The one blemish on its results is China, where the company's revenues slipped 9.5% from a year earlier to slightly more than $8bn (£6.1bn). |
| Apple's flagship iPhone is losing market share to a slew of local competitors, while the company also faces challenges in dealing with China's strict internet censorship regime. | Apple's flagship iPhone is losing market share to a slew of local competitors, while the company also faces challenges in dealing with China's strict internet censorship regime. |
| Mr Cook stressed the success of its services unit, which includes Apple Pay, the App Store and Apple Music. The division had sales of nearly $7.3bn during the three months to the end of June, a rise of 22% on the same period last year. | Mr Cook stressed the success of its services unit, which includes Apple Pay, the App Store and Apple Music. The division had sales of nearly $7.3bn during the three months to the end of June, a rise of 22% on the same period last year. |
| Apple Pay now accounts for almost 90% of mobile payment transactions around the world, said chief financial officer Luca Maestri. Paying accounts on the App Store are also on the rise, he said. | Apple Pay now accounts for almost 90% of mobile payment transactions around the world, said chief financial officer Luca Maestri. Paying accounts on the App Store are also on the rise, he said. |
| Geoff Blaber of CCS Insight described the services business as "the shining light". | Geoff Blaber of CCS Insight described the services business as "the shining light". |
| "Not only is $7.3bn in revenue hugely significant in its own right, it underlines the ecosystem advantage it has over its competitors outside of China," he said. | "Not only is $7.3bn in revenue hugely significant in its own right, it underlines the ecosystem advantage it has over its competitors outside of China," he said. |
| Mr Cook also addressed the firm's decision to remove some products from its App Store in China, saying Apple had to abide by the law. | Mr Cook also addressed the firm's decision to remove some products from its App Store in China, saying Apple had to abide by the law. |
| "We would obviously rather not remove the apps," he said. "We're hopeful that over time the restrictions we're seeing are loosened." | "We would obviously rather not remove the apps," he said. "We're hopeful that over time the restrictions we're seeing are loosened." |
| Analysis: Dave Lee, BBC North America technology reporter, San Francisco | Analysis: Dave Lee, BBC North America technology reporter, San Francisco |
| One of the big worries for investors - and Apple fans, you'd imagine - is that concern that the next iPhone, due in September, could be delayed due to production issues. | One of the big worries for investors - and Apple fans, you'd imagine - is that concern that the next iPhone, due in September, could be delayed due to production issues. |
| But judging by Apple's revenue forecasts for the rest of the year, it seems this will not be the case. It means we can expect anticipation for a big upgrade to the iPhone to step into overdrive, what with it being the device's 10th anniversary year. | But judging by Apple's revenue forecasts for the rest of the year, it seems this will not be the case. It means we can expect anticipation for a big upgrade to the iPhone to step into overdrive, what with it being the device's 10th anniversary year. |
| In those 10 years, 1.2 billion iPhones have been sold, Mr Cook told investors today. | In those 10 years, 1.2 billion iPhones have been sold, Mr Cook told investors today. |
| Apple relies on it heavily for its revenue, which some see as being a weakness in the company - but this quarter has also provided good news for investors when it comes to generating big profits in other areas. | Apple relies on it heavily for its revenue, which some see as being a weakness in the company - but this quarter has also provided good news for investors when it comes to generating big profits in other areas. |
| For example, sales of the iPad range - which has been refreshed with a new Pro model - and better software - have grown for the first time in more than three years. The tablet, thought by many to be facing extinction, is stronger than ever: eight of the 10 best selling tablets in the world are made by Apple. | For example, sales of the iPad range - which has been refreshed with a new Pro model - and better software - have grown for the first time in more than three years. The tablet, thought by many to be facing extinction, is stronger than ever: eight of the 10 best selling tablets in the world are made by Apple. |
| And Apple's services department - the App Store and Apple Music, mostly - had revenues of more than $7.2bn in this last quarter. That makes it, as Apple was delighted to point out today, the size of a Fortune 100 company in its own right. | And Apple's services department - the App Store and Apple Music, mostly - had revenues of more than $7.2bn in this last quarter. That makes it, as Apple was delighted to point out today, the size of a Fortune 100 company in its own right. |
| The big blip, and it's been a blip for a while, was Apple's performance in China. | The big blip, and it's been a blip for a while, was Apple's performance in China. |
| Mr Cook said the company's performance was in "a trough" and that they were headed to better performance in the region. He tried to put a positive spin by pointing out that the Mac, iPad and services had grown in the country - but acknowledged that performance in Hong Kong was dragging down its numbers. | Mr Cook said the company's performance was in "a trough" and that they were headed to better performance in the region. He tried to put a positive spin by pointing out that the Mac, iPad and services had grown in the country - but acknowledged that performance in Hong Kong was dragging down its numbers. |