(MENAFN) Sales of the newly-released iPhone have boosted Apple's profit and revenue in the third quarter, as the US tech giant delivered stronger-than-expected results, AFP reported.
The California-based company's profits surged 13 percent, hitting USD8.5 billion, while revenues jumped to USD42.1 billion in the financial fourth quarter ending September 27.
Apple said it sold more than 39 million iPhones in the quarter, boosted by the launch last month of the big-screen iPhone 6 and 6 Plus, which compares with 33.8 million devices of iPhone 5 sold on-year.
"These results validate our investment thesis that Apple is a multi-year, multi-product, multi-service and multi-geography growth company," an analyst at Global Equities Research said.
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