Apple’s profits have doubled since last year in the same quarter. In pure profit, Apple Inc. hit $3.07 billion compared to $1.62 billion last year. Revenues also saw a huge surge with $13.50 billion compared to $9.08 billion the same time last year.
Of that revenue, Apple sold almost 3 million Mac computers which is also seeing an increase of last year by 33%. Even more staggering were iPhone sales with a 131% increase over last year and 8.75 million sold just this past quarter.
The iPod’s momentum did not pick up much speed with only a 1% increase in sales over 2009. Perhaps the huge increase in iPhones had something to do with it?
Apple CEO and Co-Founder Steve Jobs commented on the quarter: “We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 per cent and profits up 90 per cent, we’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year”.