Apple’s newer lines of business – Apple Pay, the App Store and Apple Music – helped the tech giant to drive growth in its third quarter.
Quarterly profit rose 12% to $8.7 billion. Revenues grew by 7% year-on-year to $45.4 billion.
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.
CEO 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.
However, “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.
The growth lifted revenue from iPhones, which account for the bulk of the company’s sales, by 3% to $24.8 billion.
Apple also said the number of iPads sold climbed 28% 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.
Apple’s China revenues slipped 9.5% from a year earlier to slightly more than $8 billion.
Its 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.
Tim Cook stressed the success of its services unit, which includes Apple Pay, the App Store and Apple Music. The division had sales of nearly $7.3 billion 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 CFO Luca Maestri. Paying accounts on the App Store are also on the rise, he said.
Tim Cook also addressed Apple’s decision to remove some products from its App Store in China, saying the company had to abide by the law.
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Armed robbers broke into a central Paris Apple store on New Year’s Eve, stealing goods with an estimated value of 1 million euros ($1.3 million).
The police said that four masked men forced their way into the shop.
It comes as New York Mayor Michael Bloomberg claims that the theft of Apple goods has contributed to rising street crime figures in the city.
Thieves broke into the Apple store behind the Paris Opera at around 21:00 on Monday, December 31, three hours after the shop closed.
The police did not confirm the value of the goods stolen by the robbers, who escaped afterwards in a van.
A spokesman for the police union Unsa told reporters: “As the majority of police were busy watching the Champs Elysees [for New Year’s Eve celebrations], the robbers took advantage of this opportunity.”
Armed robbers broke into Paris Opera Apple store on New Year’s Eve, stealing goods with an estimated value of 1 million euros
The theft comes as the desirability of Apple goods among street criminals is being blamed for a rise in crime figures in New York.
According to the New York Police Department, some 3,890 Apple products were stolen in 2012, pushing crime figures up and prompting Mayor Michael Bloomberg to say that thieves in the city were showing a preference for Apple goods.
His press secretary later said that if the jump in stolen Apple products was removed, crime figures would have been down for the year.
According to London’s Metropolitan Police, street criminals in London are increasingly targeting easy-to-steal gadgets, although they do not provide a breakdown of the brands most favored by thieves.
“In general the more you paid for a gadget the more interest it will be to street robbers,” said a spokesman.
“We are constantly reminding people to register their goods,” he added.
What police have seen, he said, is a change in the profile of victims as thieves become less likely to steal cash and more likely to steal phones which are “highly sellable on the second-hand market”.
“Victims now are far less likely to be a bashed-up pensioner and more likely to be a young professional who has had a phone grabbed out of their hand or pocket,” he said.
From London to New York and to Sydney, fans have camped outside Apple stores as the iPhone 5 went on sale around the world today.
As Apple opened the doors of its stores around the world, staff greeted the first customers with high fives and cheers.
The dozens of die-hard Apple fans had swollen into huge queues of hundreds by the early hours of Friday morning, as excitement reached fever pitch hours before the release of the updated handset.
From London to New York and to Sydney, fans have camped outside Apple stores as the iPhone 5 went on sale around the world
The latest Apple gadget became available from 8:00 a.m., as hundreds were cheered into the brand’s store in Covent Garden, central London.
Apple store workers dressed in blue T-shirts formed a passageway and high-fived customers who had been waiting outside the shop for up to a week.
The phone is already guaranteed to be a best-seller, with the company reporting pre-orders around the world of two million in just 24 hours and many customers not expected to receive theirs until October.
IT businessman Ryan Williams was the first person in the queue and said the atmosphere as he picked up the phone was “crazy”.
Ryan Williams, 22, from Swanley in Kent, had been camping out in Covent Garden for a week with his friend Peter King.
The frontrunners for the gadget had been queuing for days and despite a cold snap last night, said the enjoyed sitting with their mates knowing they are going to make “more than a weeks wages” for their troubles.
In the UK the iPhone 5 went on sale at 8:00 a.m. for between £529 ($830) and £699 ($1,100).
Richard Wheatcroft, 30, owner of crowdfuelledcauses.com, said when they get the phones, they will probably sell them on eBay if they cannot get an offer on their spaces.
While industry experts have suggested that android phones like the Samsung S3 now match the iPhone, Apple fans in the queue at 1:00 a.m. on Friday morning still had faith in the iconic product.
Apple is opening its next New York City store today – which is believed to be the tech giant’s biggest store in the world – in Manhattan’s Grand Central Station.
According to new reports, a 23,000-square-foot space in Grand Central Station will top the corporation’s 25,000-square-foot Regent Street location in London.
An online video appears to give a walk-through tour of the site, which Apple’s executives are expected to uncloak today ahead of an official opening on America’s biggest shopping day of the year – Black Friday.
According to 9to5mac, a five-minute clip uploaded to on YouTube on October 22, entitled Apple Store Grand Central, was shot before construction began in mid-August.
The behind-the-scenes glimpse indicates there is substantial work to be done between two stories on the north and northeast balconies of the terminal’s main concourse to get the store in shape for shoppers.
An online video appears to give a walk-through tour of the site, which Apple's executives are expected to uncloak today ahead of an official opening on America's biggest shopping day of the year - Black Friday
9to5mac reports Apple’ store will be the workplace of 300-plus employees.
Workers are expected to arrive tomorrow to remove several black boards that currently obstruct the store’s façade, preventing outsiders from evaluating what progress has been made – or speculating if an Apple Store is in the making at all.
It is likely the Grand Central Terminal store – Apple’s fifth in Manhattan and 358th in the world – will likely be one of its busiest.
The historic transportation and shopping hub, which opened in 1871, sees about 750,000 people each day.
But numbers can explode to one million daily visitors during the holiday season, with many commuters and tourists lurking around to dine or shop at its approximately 70 restaurants and retail stores.
The International Business Times suggests that Apple will forego its well-known all-white design to compliment the look and feel of Grand Central’s 19th century architecture.
“Tables and chairs resemble the train station’s sepia stones, while soaring ceilings and bright chandeliers give the space a luxurious feel,” reports the International Business Times.
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