21/07/11
By Karen Moss
Apple's latest profits soared as sales of its iPhone and iPad products more than doubled. Net income was $7.31bn (£4.6bn) in the three months to 25 June, 125 per cent higher than a year earlier.
It was 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 per cent 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.
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