Apple profits as iPad, iPhone sales double

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Apple on Tuesday reported that revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled.

Apple said its net profit more than doubled to $US7.31 billion ($A6.91 billion) on unprecedented revenue of $US28.57 billion ($A27.02 billion) in the quarter ending June 25.

“We’re thrilled to deliver our best quarter ever, with revenue up 82 per cent and profits up 125 per cent,” Apple chief executive Steve Jobs said in a release.

“Right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall,” he continued.

The Cupertino, California-based company reported that it sold 20.34 million iPhones and 9.25 million iPad tablet computers in sales figures that eclipsed the same quarter last year by 142 per cent and 183 per cent respectively.

Apple saw the number of Macintosh computers sold climb 14 per cent to 3.95 million, while iPod sales slid 20 per cent to 7.54 million units.

“We are extremely pleased with our performance,” said Apple chief financial officer Peter Oppenheimer.

“Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $US25 billion ($A23.65 billion) and we expect diluted earnings per share of about $5.50.”