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Apple profits soar after bumper iPad and iPhone sales

by LLB Editor April 25, 2012

written by LLB Editor 25^th Apr 12 12:26 pm

Soaring iPad and iPhone 4s sales have led to Apple doubling its profits in the first three months of the year.

The technology giant has reported a net profit of $11.6bn (£7.2bn) in the first quarter of 2012. Last year Apple registered a profit of $6bn for the same quarter.

Apple has beaten both Google and Microsoft’s quarterly revenues of $10.65bn and $17bn respectively.

Apple shares jumped more than seven per cent yesterday after the profit announcement.