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Apple profits up on iPhone sales

23 July 2014 Last updated at 06:49 BST

Apple has reported quarterly profits of $7.75bn (£4.5bn) - up 12% on the same period last year.

The company sold 35.2 million iPhones from March to June, an increase of 13% from the same time in 2013.

However, sales of its iPad tablet computer fell for the second quarter in a row, down 9% to 13.3 million.

BBC Business Reporter Michelle Fleury in New York highlighted some of the key points from the earnings release.

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