Apple's final quarter profit of $7.5bn was down from $8.2bn in the same three months of 2012

Apple profits fall despite record iPhone sales

Apple suffered a fall in profits in the last quarter despite selling a record-breaking 33.8 million iPhones.

It sold a total of 33.8 million of its smartphones, a record for the final quarter, up from 26.9 million in the same period last year. It was also a rise from the third financial quarter, when 31.2million of the devices were sold, but could not match the 37.4 million sold in the second quarter, between January and March.

The latest results include the first few days that the newest iPhones, the iPhone 5c and 5s went on sale in September.

In the past quarter, Apple sold 14.1 million iPads, a slight rise from 14 million between July and September 2012, but it only sold 4.6 million Macs, down from 4.9 million in the same period last year.

The firm's quarterly profit of $7.5bn (£4.3bn) was down from $8.2bn in the same three months of 2012, while quarterly revenue was $37.5bn, up from the same time last year when Apple announced revenue of $36bn. International sales made up 60 per cent of revenue for this quarter according to the California-based company.

The results come days after Apple announced the launch of the thinner and lighter iPad Air and a revamped iPad Mini, both of which go on sale in November.

Apple chief executive Tim Cook said: "We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones.”

End-of-year profits fell from $41.7bn in 2012 to $37bn in the 12 months to the end of September.

In a conference call to investors, analysts and journalists after announcing the results, Cook said he saw "significant opportunities" in new product categories, as well as across the current Apple spectrum.

He did not give further details but said that Apple's skills in hardware, software and services were "very, very unique".

"I think no one has a set of skills like this," added Cook. "And we obviously believe we can use our skills in building other great products that are in categories where we don't currently participate today, and we're pretty confident on that."

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