Apple has released its financials for its Q3 FY17 for the three months ending June 30th 2017.

It posted revenues of $45.4 billion for the quarter, up 7% year-on-year. Profits for the quarter came to $8.7 billion, up 12% compared to FY16.

Breaking this down further, the company generated $24.8 billion of its revenues through selling over 41 million iPhones in the quarter. This is a 3% increase year-on-year for its revenue, but represents a 25% decrease in revenues quarter-on-quarter.

Its iPads saw some growth in both unit sales and revenues, however. The tablets generated $4.9 billion from 11.4 million units, a 28% increase in both categories quarter-on-quarter.

Consecutive growth

"With revenue up 7 percent year-over-year, we're happy to report our third consecutive quarter of accelerating growth and an all-time quarterly record for Services revenue," said Apple CEO Tim Cook.

"We hosted an incredibly successful Worldwide Developers Conference in June, and we're very excited about the advances in iOS, macOS, watchOS and tvOS coming this fall."

Sales of the iPad likely grew thanks to Apple refreshing its iPad Pro range with two new models. The quarter also saw Apple announce major changes coming to iOS 11 in the near future.