By Jonathan Davies

Apple has reported profits of $13.6bn (£8.9bn) for the first three months of 2015, jumping 33% from the same period last year.

The technology giant, which has just released the Apple Watch, said it sold 61.1 million iPhones during the first quarter which drove a 27% rise in revenue to $58bn.

The surge comes as the company's focus in China comes to fruition. Sales in China were up 71% to $16.8bn marking the first time that sales grew faster in China than they did in the US.

iPad sales remained downbeat, however. Apple said it sold 12.6 million iPads during the quarter, down 23% from last year.

Apple also revealed continue to ramp-up its share-buying programme. The company, which is sitting on a cash pile of $195bn, said it would increase the programme from $130bn to $200bn.

Apple chief executive Tim Cook said: "We are thrilled by the continued strength of iPhone, Mac and the App Store, which drove our best March quarter results ever."

Mr Cook also said he was "thrilled" with the launch of the Apple Watch.

"Right now demand is greater than supply [and] we're working hard to remedy that," he said.