Apple reported earnings of $18bn (£11.8bn) in the first quarter, a 40% increase from the same period a year earlier.

Record sales of iPhones were behind the surge in profits.

Apple said it sold 74.5 million iPhones in the last three months of 2014, with a significant portion of those sales coming from China.

However, sales of the iPad continued to disappoint, falling by 18% in 2014 from a year earlier.

“We’d like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high,” said Apple’s chief executive Tim Cook in a statement accompanying earnings.

The demand for Apple’s larger iPhone 6 Plus model appeared to help boost profits and increase the iPhone’s gross profit margin – or how much Apple makes per phone – by 2% to 39.9%.

However, Apple declined to offer a specific breakdown of sales for the iPhone 6 and other models.

Source-BBC