Apple surpassed Wall Street projections by releasing better earnings from the third-fiscal quarter than originally expected.
According to a statement by Apple, the Cupertino organization posted quarterly revenue of $35.3 billion with a net profit of $6.9 billion, which is approximately $7.47 per share.
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Apple also confirmed it sold 31.2 million units of the iPhone during the third quarter. The figure, a record for the June quarter, is up from the 26 million units sold in the same period last year. According to the conference call, the most popular Apple smartphone is the iPhone 5, but the company was still "happy" with iPhone 4 and iPhone 4S sales.
"We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, Software and Services," Apple CEO Tim Cook said in a statement.
The iPad, however, sold less compared to the same quarter last year. In the June quarter of 2012, 17 million iPads were sold, but the current 2013-quarter saw 14.6 million units sold.
The Mac also underperformed in comparison to 2012 figures. The third quarter of 2013 saw 3.8 million Mac units sold while the same period last year saw 4 million units.
Cook also commented on what's ahead for Apple.
"We are really excited about the upcoming releases of iOS 7 and OS X Mavericks, and we are laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014," Cook said.
Fiscally, Apple's fourth-quarter projections include revenue between $34 billion and $37 billion.
The Cupertino-based company is offering a replay of the conference call, but for only two weeks. To hear Apple's third-quarter results, click here.
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