Weaker iPad sales do little to dent Apple’s profits

Apple’s profits are up 12%, despite a slump in iPad sales.

The tech company has been largely dependent on its 35.2 million iPhone sales, up 13%, in the last quarter, after sales of its tablet fell to 13.3 million from an all-time high of 26 million units in the last quarter of 2013.

Apple made a profit of $7.8bn, with revenues of $37.4bn. This is likely to rise next quarter, Apple said.

“We have an incredible pipeline of new products and services that we can’t wait to show you,” chief executive Tim Cook said in a statement.

Apple is set to unveil the iPhone 6 this autumn.

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