Apple posted strong results with higher than expected quarterly revenue projected by Wall Street analysts.

The impressive numbers stem from the ubiquitous iPhone, a phone that everyone wants to get their hands on.

This is despite reports of three People were electrocuted by their iPhones.

Apple's flagship product is challenged by less expensive smartphones that run on the Android platform.

Many markets in North America and Asia are saturated with high quality smart phones like the iPhone, but they are sold for a fraction of the cost of what the iPhone cost.

This is particularly true of Asian markets that have seen a rise on phones manufactured in China. Chinese iPhone clones are about U.S.$50 in India and function just as well. However they have no guarantee - it's sold on a "use and throw" basis.

Despite stiff competition from rivals Samsung, Google and Blackberry, iPhone sales are up with Apple stocks going up 4 percent.

Apple CEO Tim Cook told NDTV that its sales in India were up by a whopping 400%.

"This means that iPhone sales in India have grown 400 percent," said Cook, who was handpicked to lead the top-grossing firm by former CEO and co-founder Steve Jobs.

Cook's comments are in line with Sunil Tirumalai, a research analyst at Credit Suisse who wrote in a not to clients, "From our channel checks we believe that iPhone sales are nearing 400,000 units per month in India - that is nearly 3% share," reports NDTV.