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Apple has reported improved second quarter results. But while iPhone sales soared, demand for the iPad appears to be tapering.

The company sold a whopping 43.7 million iPhones between January and March. That's an increase on the 37.4 million it shifted during the same period last year.

The Cupertino company reported earnings of $10.2 billion, on $45.6 billion of revenue. Analysts forecast revenue of $42-44 billion.

iPad sales were down, however. Apple shifted 16.3 million of its slates, which is 16% fewer than the 19.5 million it sold in Q2 last year.

CEO Tim Cook also promised new product categories were on the way, though he seems to do this every time the company reports its profits.

He said: "We're very proud of our quarterly results, especially our strong iPhone sales and record revenue from services.

"We're eagerly looking forward to introducing more new products and services that only Apple could bring to market."

Apple didn't actually release any new products during the last three months. Some fear the company's biggest growth may be behind it.

iPad sales are thought to be down because the tablet market has become saturated, so Apple will have to look to new products – like an iWatch, iBand or a new Apple TV set-top box – if it wants to keep growing.

Source:

Apple

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