Apple profits jump 50%

Tech lifestyle leader Apple has revealed a 50 per cent year-on-year jump in profits for the quarter ending December 26th.

Income for the period hit $3.38bn, drastically up from the $2.26bn in the same period in 2008. Sales climbed from $11.9bn in 2008 to $15.7bn this time around.

The numbers stem from huge sales of the iPhone, with 8.7m of the touch-controlled devices being snapped up by eager consumers – many of whom were Chinese following the official arrival of the phone in one of the world’s largest emerging economies.

The full story can be found on MCV