Apple has revealed it has now sold over 1.2 billion iPhones worldwide, and 41.03m in the last quarter, despite fears users would hold off and wait for the firm's eagerly awaited iPhone 8.
It came as the firm reported a 7.2 percent rise in quarterly revenue on Tuesday, buoyed by the better-than-expected sales of its iPhones ahead of the smartphone's 10th-anniversary edition launch later this year.
The results also reveals Apple's cash pile has hit a record $261.5 billion, an increase of 14% in a year.
The firm also admitted it was still struggling to keep up with demand for its AirPod wireless headphones, which have been a huge hit with customers.
The figures boosted shares of the world's most valuable technology company, and it was up 3.1 percent at a record $154.64 in extended trading.
The company said iPhone sales rose 1.6 percent to 41.03 million in the third quarter ended July 1, above analysts' average estimate of 40.7 million units, according to financial data and analytics firm FactSet StreetAccount.
Purchases of the current iPhone 7 held steady, while sales of the Mac and iPad saw an unexpected revival.
Apple sold 40.4 million iPhones a year earlier.
'iPhone sales were impressive,' said Tim Cook.
'One decade after the initial iPhone launch, we have now surpassed 1.2 billion iPhone sold'
Many customers wait for Apple to launch its new smartphones before deciding on upgrading or replacing their current devices, which usually results in iPhone demand tapering in the months before a release.
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