Apple Inc’s quarterly revenue smashed Wall Street expectations for at least the 9th straight quarter, driven by blockbuster sales of its hot iPhones and iPads.

Apple, notorious for its conservative forecasts, estimated earnings for the September quarter of $5.50 a share on revenue of $25 billion (€17.7 billion), which came in lower than analysts’ average estimate of $6.45 a share on revenue of $27.7 billion.

The firm said its fiscal third-quarter revenue rose to $28.57 billion, trouncing the average analyst estimate of $24.99 billion. The stock price has gained nearly 19 per cent since hitting a year low on June 20th. This has added $54.8 billion to its market cap since then.