Apple profits soar on iPhone sales

Apple’s profits have almost doubled as sales of iPhone leap 131 per cent.

For the quarter ending March 27th, the firm posted net quarterly profit of $3.07 billion (2bn), compared to $1.62 billion (1.05bn) during the same period a year ago.

The company’s revenues were up from $9.08bn a year ago to $13.50 billion.

Non-US sales accounted for 58 per cent of the firm’s Q2 revenue.

Sales were driven by iPhone, with the firm selling a total of 8.75 million units during the March quarter. That’s a huge 131 per cent growth over the same period a year before.

Mac sales were also up. 2.94 million Macintosh computers were sold during the quarter, a rise of 33 per cent. However, iPod sales were down one per cent to 10.89 million units sold.

We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90 percent,” said Apple CEO Steve Jobs.

We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”