Apple profits jump

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.

Full financial reports can be found over at MCV: Apple profits soar on iPhone sales