Apple profits beat expectations to rise 78%

Apple has posted higher than expected third quarter figures, reporting a 78% increase in revenues to $3.25bn (£2.1bn) from $1.83bn in 2009.

Revenues also grew significantly, rising 61% to reach a new high of $15.7bn (£10.28bn) during the quarter.

22/07/2010

Apple sold a record-breaking 3.47m Macs during the quarter (up 33% year-on-year) and 8.4m iPhones (up 61%). The firm has also sold 3.27m iPads since the product's launch in early April.

iPod sales reached 9.41m, an 8% decline from last year. Apple attribute the fall to cannibalisation by the iPhone.

International sales represented 52% of Apple's quarterly revenues.Apple's chief executive Steve Jobs, said: "It was a phenomenal quarter that exceeded our expectations all round, including the most successful product launch in Apple’s history with iPhone 4."

"IPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year."

http://www.apple.com




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