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Apple Reports Record-Breaking Quarter

Once again, the iPhone pays off for Apple Inc.

The new, bigger devices carried Apple to a record-breaking quarter – to the tune of $8.5 billion in profit, the company reported on Monday.

Revenue totaled $42.1 billion, compared to $37.4 billion in the year-ago period. Analysts were counting on revenue of $39.9 billion. All told, Apple sold 39 million of its signature gadgets, up from 33.8 million in the same quarter a year ago.

“Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus,” Apple CEO Tim Cook said in a prepared statement.

The iPhone 6 features a 4.7-inch screen and the Plus version’s screen measures 5.5-inches.

Meantime, Apple’s smartphone success isn’t translating into the tablet unit. The company sold 12.3 million iPads in the just-finished quarter, compared to 14 million a year ago. The numbers mark the second consecutive quarter of iPad sales declines.

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