Apple profits almost double, but iPod and iPad sales disappoint

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Healthy sales of iPhones help boost Apple's first-quarter profits, but sales of iPods slipped and iPad was below expectations

A higher-than-expected rise in iPhone sales helped Apple almost double its profits for the first quarter of 2011.

The technology company reported quarterly net profits of $5.99bn (£3.6bn), 95% up on the $3bn it made a year ago. Revenue was $24.67bn, a rise of 83%

Net income for the three months to March jumped 85% on the same period a year ago, with iPhone sales of 18.65 million – a rise of 113%.

But sales of the iconic iPod fell 17% to nine million units. And although it sold 4.69 million iPads during the quarter, this was below expectations.

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Andy Clough
Andy Clough

Andy is Global Brand Director of What Hi-Fi? and has been a technology journalist for 30 years. During that time he has covered everything from VHS and Betamax, MiniDisc and DCC to CDi, Laserdisc and 3D TV, and any number of other formats that have come and gone. He loves nothing better than a good old format war. Andy edited several hi-fi and home cinema magazines before relaunching whathifi.com in 2008 and helping turn it into the global success it is today. When not listening to music or watching TV, he spends far too much of his time reading about cars he can't afford to buy.