Apple Inc. reported solid fiscal third-quarter earnings Tuesday, with profit and revenue that beat expectations, and said it set a new June quarter record for number of iPhones sold.
The Cupertino, Calif., tech company posted profit of $6.9 billion, or $7.47 a share, on revenue of $35.3 billion.
Analysts had expected earnings of $7.34 a share on revenue of $35.18 billion, according to consensus estimates compiled by Thomson Reuters. They also had predicted Mac sales of 3.9 million, iPhone sales of 26 million and iPad sales of 18.3 million.
Apple's own guidance had revenue coming in between $33.5 billion and $35.5 billion.
The company sold 31.2 million iPhones compared with 26 million in the year-ago quarter. It sold 14.6 million iPads, down from 17 million; and 3.8 million Macs, down from 4 million.
The news sent Apple's shares up 4.7% to $438.70 in after-hours trading shortly after earnings were released. During regular trading, shares fell 1.7% to $418.99.