IT industry news: Apple profits exceed £7bn (computeach - Java Training Courses)

Apr 27
11:48

2012

Ramyasadasivam

Ramyasadasivam

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Apple has announced net profits of $11.6 billion (£7.2 billion) in its latest quarterly financial results.

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The technology giant sold 35.1 million iPhones and 11.8 million iPads during its fiscal 2012 second quarter,IT industry news: Apple profits exceed £7bn (computeach - Java Training Courses) Articles with sales of the latter product enjoying a 151 per cent year-on-year increase.

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Sales of Macs also rose over the three-month period, although the firm witnessed a 15 per cent decline in the number of iPods sold.

Apple posted revenues of $39.2 billion, compared with $24.7 billion for the corresponding period last year.

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"The new iPad is off to a great start and across the year you're going to see a lot more of the kind of innovation that only Apple can deliver," said Apple chief executive Tim Cook.

He declared himself "thrilled" with the results, which saw international sales account for 64 per cent of total revenue.

Apple sold four million units of the iPhone 4S over the device's opening weekend in October last year.

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