Thursday 21 April 2011

iPhone sales double in 2011

The sales of iphones has nearly doubled Apple's profits in the first 3 months of 2011.
Net income for the three months to March jumped 85% on the same period a year ago, with iPhone sales of 18.65m - a rise of 113%.


Apple reported quarterly net profits of $5.99bn (£3.6bn), 95% up on the $3bn it made a year ago. Revenue was $24.67bn, a rise of 83%.
However, iPad sales have been below expectations, selling only 4.69m in the first quarter, and iPod sales also fell by 17%.
Apple chief executive Steve Jobs said in a statement: "With quarterly revenue growth of 83% and profit growth of 95% we're firing on all cylinders."
Mr Jobs, who went on medical leave in January with an undisclosed illness, continued: "We will continue to innovate on all fronts throughout the remainder of the year."

Story Source: http://www.bbc.co.uk/news/business-13152294

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