The iPhone helped Apple to grow revenues by 29 per cent year-over-year for the past quarter to $6.22bn. The firm reported a surge in net profit to $904m, a 67 per cent increase.

Apple first introduced the iPhone on 29 June, which fell under the previous financial quarter. Another 1,119,000 iPhones were sold this quarter, pushing the total tally to 1,389,000.

Results were further boosted by a 17 per cent growth in iPod sales which reached 10.2m, and a 34 per cent increase in Mac sales, making for a total of 2.2m Macs sold.

Revenues slightly exceeded analyst expectations, who had projected iPhone sales to hit between 900,000 and 1.2m.