Apple declares record Q3 profit of $10.7 billion

Apple’s record breaking streak continues with highest ever profit of $10.7 Billion with 33% jump in its revenues.

iPhone sales were up 35 percent as compared to previous quarters. Driven by higher margins on iPhone 6 and 6 Plus and the huge Chinese revenue surge, iPhone revenue was up 59 percent as quoted by Apple CEO Tim Cook:

“We had an amazing quarter, with iPhone revenue up 59 percent over last year, strong sales of Mac, all-time record revenue from services, driven by the App Store, and a great start for Apple Watch.” – Apple CEO Tim Cook