Apple reports record third quarter results

Apple on Tuesday reported a third quarter profit of $10.7 billion on revenue of $49.6 billion. This compares to revenue of $37.4 billion and net profit of $7.7 billion in the year ago quarter.

Apple said the growth was fueled by record third quarter sales of iPhone and Mac, all-time record revenue from services and the successful launch of Apple Watch.

In the quarter, Apple sold 47.5 million iPhones, 10.9 million iPads, and 4.7 million Macs. Apple did not break out sales of the recently released Apple Watch.