Apple Q3 Revenues Up Six Per Cent to $37.4bn, iPad Sales Down Nine Per Cent

Apple Logo StoreApple has released its financial results for Q3 2014 (the three-month period ended 28 June), with revenues of $37.4bn (£21.9bn), up 5.9 per cent year-on-year but falling short of analysts expectations of $38bn.

Net profits for the quarter stood at $7.7bn, up 11.6 per cent.

Apple sold 35.2m iPhones, up 13 per cent over last year, and 13.3m iPads, down nine per cent. Apple reported that 59 per cent of the quarter’s revenues came from international sales, with particularly strong growth in the Middle East, China, and India.

Software and services revenue was $1.9bn, up 19 per cent, with the App Store topping a cumulative 75bn downloads.

In Apples statement, CEO Tim Cook hinted at the companys forthcoming releases, saying: “We are incredibly excited about the upcoming releases of iOS 8 and OS X Yosemite, as well as other new products and services that we can’t wait to introduce.”

One of those hinted-at products looks set to be the long-rumoured iWatch – especially given the Apple patents which were revealed earlier today.