(Telecompaper) Apple reported revenues for its fiscal third quarter to June up 33 percent year-on-year to USD 49.6 billion, better than the company's forecast. Apple's net profit was also up sharply, to USD 10.7 billion or USD 1.85 per share compared to USD 7.7 billion or USD 1.28 per share in the year-ago quarter. The growth was fueled by continued strong sales of the iPhone, which sold 47.53 million units and generated revenue of USD 31.4 billion. Unit sales were up 35 percent from a year earlier but down 22 percent from fiscal Q2. Apple did not release any figures for its new smartwatch, grouping it with other products such as Apple TV, Beats accessories and the iPod, which together generated USD 2.5 billion in revenue in the quarter. CEO Tim Cook said Apple saw a "great start" for Apple Watch in the quarter, while also setting a new record for revenues from services in the period. For its fiscal fourth quarter, Apple forecast revenues of USD 49-51 billion and a gross margin of 38-39.5 percent, down slightly from 39.7 percent in the previous quarter.