Huge demand for the iPhone 3G S and a price cut for earlier editions helped Apple to profits of £1 billion in the quarter.
According to the Cupertino-based technology giant's latest figures, iPhone sales hit 7.4 million over the three month period to September 26th.
This represents a rise of seven per cent from the corresponding period last year when sales stood at 6.9 million.
The company's strong showing was also driven by a surge in consumer demand for sales of Macs, which were up 17 per cent year on year.
Apple head Steve Jobs said: "We are thrilled to have sold more Macs and iPhones than in any previous quarter.
"We've got a very strong lineup for the holiday season and some really great new products in the pipeline for 2010.”
News of Apple’s performance comes amid hopes that the imminent appearance of the handsets on the Vodafone and Orange networks in the UK will prompt a price war. Currently, Apple mobile phones are solely available on O2.
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