India, Aug. 1 -- In what is usually the most difficult quarter for iPhone sales, with the spectre of the traditional September refresh looming large, Apple has still reported third-quarter earnings higher than expectations. The company has reported quarterly revenue of $94 billion, up 10 percent year over year, a June quarter revenue record, and beating $89.3 billion expectations. Apple CEO Tim Cook again emphasised the importance of India, for Apple's growth trajectory.

"We saw iPhone growth in every geographic segment and double-digit growth in emerging markets including India, the Middle East, South Asia, and Brazil. Mac continued to see excellent results with revenue up 15% year-over-year, and we set another all-time revenue record i...