iPhone sales up to 626pc in Q3

Apple has reported iPhone sales of 5.2 million in its Q3 financial results, for the period ended June 27. The manufacturer said it was a 626 per cent growth from the same quarter last year, although iPod sales decline seven per cent to 10.2 million.

iPhone sales success contributed to its revenues of $8.34 billion (£5.09 billion) and a net quarterly profit of $1.23 billion, compared with revenue of $7.46 billion and net quarterly profit of $1.07 billion in the same quarter last year. Gross margin was 36.3 per cent, up from 34.8 percent in the year-ago quarter. International sales accounted for 44 per cent of the quarter’s revenue.

Apple chief financial officer Peter Oppenheimer forecasts for Q4 include revenue of about $8.7 billion to $8.9 billion.

Sales of Apple Macintosh computers were up four per cent from the same quarter last year.

Apple chief executive Steve Jobs (pictured) said: “We’re making our most innovative products ever and our customers are responding. We’re thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year.”