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Profits double at Apple

Ben Parfitt
Profits double at Apple

Apple has posted net profits of $5.99bn for the quarter ending March 31st – that a jump of nearly 100 per cent compared to the $3bn reported in the same quarter the year before.

Revenue for the period was up 83 per cent at $24.67bn.

iPhone sales were the champion for the company, with unit sales surging 113 per cent to 18.65m in the period. That's beyond analyst expectations and certainly dispel any notion that the now forgotten antennagate saga has negatively impacted on consumer appetite for the device.

The new MacBook Pro saw Mac sales climb 28 per cent to 3.76m units, though iPod sales were down 17 per cent at 9.02m units and the 4.69m iPad unit sales were below expectations and 36 per cent down on the previous quarter.

The city had expected between 6.5m and 7m unit sales. Apple, however, insists that it sold every iPad it manufactured.

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Tags: Apple , sales , ipad , iphone , expectations , profit , mac , revenue , below

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