Reporting record iPhone sales.

Apple CEO Tim Cook has delivered the company’s quarterly results, reporting a 5% rise in sales of iPhones to reach 78.3 million for the quarter with the help of the iPhone 7 launch. However, Mac sales were up 1.4% to 5.37 million, likely to be attributed to the launch of the MacBook Pro.

Company profit was US$17.9 billion to achieve a record result of US$78.4 billion.

Apple CEO Tim Cook said, “We sold more iPhones than ever before and set all-time revenue records for iPhone, Services, Mac and Apple Watch.” However, iPad sales were down 19% and have now recorded three years of declining sales. Apple sold 13.1 million iPads in the quarter – a drop from 15.1 million a year ago.

Apple sold 24.5 million iPhone 7 Plus phones in the quarter, a 55% jump compared to the sales of the iPhone 6s Plus one year ago. The Apple share price rose 2.6% in after-hours trading on the news of the result.