Apple revenue rises on higher-than-expected iPhone sales

Apple Inc reported a 7.2 percent rise in quarterly revenue on Tuesday, buoyed by better-than-expected sales of its iPhones ahead of the smartphone's 10th-anniversary edition launch later this year.

The company said iPhone sales rose 1.6 percent to 41.03 million in the third quarter ended July 1, above analysts' average estimate of 40.7 million units, according to financial data and analytics firm FactSet StreetAccount. 

Apple sold 40.4 million iPhones a year earlier.

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The company said iPhone sales rose 1.6 percent to 41.03 million in the third quarter ended July 1. Maybe expected lower sales as customer wait for the iPhone 8

The company said iPhone sales rose 1.6 percent to 41.03 million in the third quarter ended July 1. Maybe expected lower sales as customer wait for the iPhone 8

'iPhone sales were impressive,' said Tim Cook.

'One decade after the initial iPhone launch, we have now surpassed 1.2 billion iPhone sold' 

Many customers wait for Apple to launch its

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