Apple profits jump

Apple profits jump

By Chris Dring

April 21st 2010 at 11:15AM

$3 billion profit for the quarter

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