Apple revenue, profit beat as iPhone sales surge

October 27, 2015 8:48 PM

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Apple revenue, profit beat as iPhone sales surge

Apple Inc (AAPL.O) reported higher-than-expected quarterly revenue and profit as sales of iPhones surged 36 percent, driven by the launch of the 6S and 6S Plus models last month.

The world's largest company by market value said on Tuesday that it sold about 48.05 million iPhones in the fourth quarter. Analysts on average had expected sales of 48.72 million iPhones, according to a poll by Fortune magazine.

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