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Apple makes record profit as iPhone and iPad sales leap
 
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20-Jul-2011  
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Apple's latest profits soared past expectations as sales of its best-known iPhone and iPad products more than doubled.

Net income was $7.31bn (£4.6bn) in the three months to 25 June, 125% higher than a year earlier and a record quarterly profit for the firm. Revenue was $28.6bn, also a quarterly record.

Apple sold more than 20 million iPhones in the quarter and 9.25 million iPads.

However, iPod sales continued to slip, down by 20% to 7.54 million units.

The results assuaged concerns about the supply of the iPad 2, partly because of parts supply interruptions caused by Japan's tsunami and earthquake in March.
 
 
 
Source: BBC
 
 

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