iPhone sales soar, iPad sales drop and revenue is stagnant, according to Apple's second quarter report

Apple made a $6.9bn profit in the three months to June, helped by a surge in iPhone sales.

Apple said it sold 31.2 million iPhones, a record for the June quarter, compared to 26 million last year. However, sales of its iPad dropped 14 per cent to 14.6 million units, compared with 17 million a year ago.

Revenue marginally increased in the April to June period, sitting at $35.3bn compared to $35bn from last year.

However, the near $7bn profit was down 22 per cent from the same period last year but this coincided with lower average sale prices ($581, compared with $608 a year ago).

Apple's sales in China were also down by four per cent.

Overall the company performed better than analysts expected, as shares rose five per cent following the report.

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