Apple profits leap as iPhone and iPad sales soar

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Apple has made record profits in the second quarter of 2011, with net income 125% higher than a year earlier

Apple has reported its highest ever quarterly profit for the three months to June 25th, 2011.

Record sales of more than 20 million iPhones (+142%) and 9.25 million iPads (+183%) during the period saw net income jump 125% to $7.31bn (£4.6bn), while total revenue was $28.6bn, also a record.

However, iPod sales continued to slip, down 20% to 7.54 million units.

Apple chief financial officer, Peter Oppenheimer, says: "We are extremely pleased with our performance.

"Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25bn."

Oppenheimer also revealed that Lion, the new version of the Mac OS X operating system, will go on sale today (July 20th).

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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.