Apple shares rise more than 5 per cent in after-hours trading Shares of Apple Inc. rose in after-hours action today as the tech giant's third-quarter results beat the expectations of analysts. Here are the highlights: Profit slipped 22 per cent to $6.9-billion (U.S.) or $7.47 a share from $8.8-billion or $9.32. Revenue inched up to $35.3-billion from $35-billion. Sales of iPhones jumped to 31.2 million from 26 million. Sales of iPads slipped to 14.6 million from 17 million. Sales of Macs dipped to 3.8 million from 4 million. International sales represented 50 per cent of quarterly revenue. Gross margin came in at 36.9 per cent, compared to 42.8 per cent. "We are especially proud of our record June quarter iPhone sales of over 31 million and the strong growth in revenue from iTunes, software and services," said chief executive officer Tim Cook. Mr. Cook added that the company is "laser-focused and working hard on some amazing new products that we will introduce in the fall and across 2014." There has been speculation over an iWatch and a bigger iPhone, among things. Apple also projected fourth-quarter revenue of between $34-billion and $37-billion.