Apple Inc., the innovation tech giant, has released their quarterly report that showed 12 percent increase or equivalent to US$7.75 billion in profit, just with the iPhone and Mac sales.

The company said boost exceeded the loss for the slump in iPad sales.

The company founded by Steve Jobs was able to sell 35.2 million iPhones and 4.4 million units of Macs during the third quarter for fiscal year 2014, which ended on June 28. Year on year, the sales were 13 percent increase for iPhone sales and 18 percent for Mac.

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However, iPad sales started to drop two quarters in a row just gaining 13.3 million.

The result strengthens Apple's stand in the smartphone industry as they compete with other smartphone companies like Samsung Electronics Co., and China's Xiaomi.

Cupertino, Apple's campus based in California, also reported an increased profit for the fiscal second quarter, which helped Apple garner two consecutive profit gains in a row.

Apple CEO Tim Cook said there is an increased anticipation for the company's upcoming products because of the recent good report. Apple stocks has also pushed up to 18 percent with the announcement of upcoming products that will be released later in the year and in 2016.

However, Apple CFO Luca Maestri said the anticipation somehow stalled their sales since the customers are reportedly putting off Apple purchases until the new product comes in.

"We're seeing some purchase delays and we've reflected that in our guidance. It happens. We have to live with that," Maestri said.

At present, Apple's net income projects at a staggering US$7.5 billion, with US$1.23 a share.

As for the fourth quarter of the fiscal year, it is forecasted that they will have an estimated sale of US$37 billion up to US$40 billion, a minimal discrepancy with the US$40.6 billion projected sales by the analysts.

TagsiPhone, Mac, sales, profit gains, fiscal second quarter