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| Apple profits nearly double as iPhone sales soar | Apple profits nearly double as iPhone sales soar |
| (about 2 hours later) | |
| Latest profits for computer giant Apple have beaten forecasts, helped by higher-than-expected iPhone sales. | Latest profits for computer giant Apple have beaten forecasts, helped by higher-than-expected iPhone sales. |
| Apple reported quarterly net profits of $5.99bn (£3.6bn), nearly double what it made a year ago. Revenue was $24.67bn, a rise of 83%. | Apple reported quarterly net profits of $5.99bn (£3.6bn), nearly double what it made a year ago. Revenue was $24.67bn, a rise of 83%. |
| Apple sold 18.65 million iPhones, a rise of 113%. But iPad sales were 4.69 million, below analysts' expectations. | Apple sold 18.65 million iPhones, a rise of 113%. But iPad sales were 4.69 million, below analysts' expectations. |
| Shares of the tech giant, which released its figures late on Wednesday, rose 2.5% in New York. | |
| The figures are the latest in a string of good results from US technology companies. | |
| Challenges ahead | Challenges ahead |
| Apple chief executive Steve Jobs said in a statement: "We're firing on all cylinders." | Apple chief executive Steve Jobs said in a statement: "We're firing on all cylinders." |
| Mr Jobs, who went on medical leave in January with an undisclosed illness, continued: "We will continue to innovate on all fronts throughout the remainder of the year." | Mr Jobs, who went on medical leave in January with an undisclosed illness, continued: "We will continue to innovate on all fronts throughout the remainder of the year." |
| But the iOS - Apple's operating system for the iPhone and iPad - faces huge challenges from the likes of Google. | But the iOS - Apple's operating system for the iPhone and iPad - faces huge challenges from the likes of Google. |
| A report last month from market research firm Nielsen found Google's Android had become the most popular operating system among US smartphone users - accounting for 29% of the market, in comparison to iOS at 27%. | A report last month from market research firm Nielsen found Google's Android had become the most popular operating system among US smartphone users - accounting for 29% of the market, in comparison to iOS at 27%. |
| Google has released Honeycomb, the latest version of Android designed for tablets, and Canadian firm RIM, maker of the BlackBerry, recently launched their first tablet. | Google has released Honeycomb, the latest version of Android designed for tablets, and Canadian firm RIM, maker of the BlackBerry, recently launched their first tablet. |
| 'Dynamite numbers' | 'Dynamite numbers' |
| Sales of the company's computers were strongly higher, up by 28% from a year ago driven by its improved MacBook Pro. | Sales of the company's computers were strongly higher, up by 28% from a year ago driven by its improved MacBook Pro. |
| Apple's figures were not uniformly positive. Besides the iPad, another disappointment was sales of its one-time star, the iPod, down by 17% on the year at 9 million units. | Apple's figures were not uniformly positive. Besides the iPad, another disappointment was sales of its one-time star, the iPod, down by 17% on the year at 9 million units. |
| Most analysts were enthusiastic about the figures. | Most analysts were enthusiastic about the figures. |
| Channing Smith, portfolio manager at Capital Advisors growth fund, said: "Dynamite numbers across the board. The only hiccup is lower than expected iPad numbers." | Channing Smith, portfolio manager at Capital Advisors growth fund, said: "Dynamite numbers across the board. The only hiccup is lower than expected iPad numbers." |
| The day-to-day running of Apple is currently being done by chief operating officer Tim Cook. | The day-to-day running of Apple is currently being done by chief operating officer Tim Cook. |