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    Profits Soar To $11.1bn For Iphone Sales.

    Shortie861 Oct 28, 2015

    1. Shortie861

      Shortie861 Administrator Staff Member

      Apple has reported a 30% rise in quarterly profits to $11.1bn (£7.3bn), with the sale of 48 million iPhones being credited.

      The tech firm, which is increasingly relying on healthy iPhone sales to drive profits, said its figures contained only two days of sales for its latest models - the 6S and 6S Plus - which became available last month.

      As a result, Apple said it expected to beat last year's record of 74.5 million iPhones sold in the Christmas holiday quarter.

      The forecast helped its share price rise more than 2% in after-hours trading - a performance that was matched when trading began on Wednesday.

      Apple shrugged off fears that the economic slowdown in China and other emerging markets would soon feed into its sales.

      Read more: Sky News