Apple reports 12% Q2 net profit improvement to US$7.75 billion

Apple posted a 12 per cent rise in its second quarter profits as iPhone sales offset declines in sales of its iPad tablet.

The company said that it sold 35.2 million iPhones during the three months to the end of June, an increase of 13 per cent from the same time in 2013. It was particularly boosted by sales in China, but also Brazil, Russia, India, South Africa.

However, sales of the iPad tablet continued to decline, down by nine per cent to 13.3 million as that product was hurt by increased competition from both Android tablets, but also Amazon’s own range of tablets that are tied to its book store.

Revenue rose six per cent to US$37.4 billion, while net profit was up by 12 per cent to US$7.75 billion.