Friday, April 22, 2011

iPhone sales double in 2011 113% rise

The sales of iphones has nearly doubled Apple's profits in the first 3 months of 2011.

Net income for the three months to March jumped 85% on the same period a year ago, with iPhone sales of 18.65m - a rise of 113%.

Apple reported quarterly net profits of $5.99bn (£3.6bn), 95% up on the $3bn it made a year ago. Revenue was $24.67bn, a rise of 83%.

However, iPad sales have been below expectations, selling only 4.69m in the first quarter, and iPod sales also fell by 17%.

Apple chief executive Steve Jobs said in a statement: "With quarterly revenue growth of 83% and profit growth of 95% we're firing on all cylinders."

Mr Jobs, who went on medical leave in January with an undisclosed illness, continued: "We will continue to innovate on all fronts throughout the remainder of the year."