Doubling iPhone sales boosts Apple profits 50%

Apple’s profits jumped from $2.26bn to $3.38bn (£1.39bn-£2.08bn) in Q4 2009, boosted by a 100% increase in iPhone sales over the period, the company has revealed.

iPhone

It said approximately 8.7bn iPhones were sold in the three months to 26 December, aided by the handset’s availability on the UK Orange network for the first time, as well as in China.

Sales of Mac computers were also up, by 33% to 3.36m, but iPod sales declined by 8% to 21m.

Total Q4 revenues were up from $11.88bn to $15.68bn (£7.33bn-£9.67bn) year on year.

The results come ahead of a product launch later this week, expected to be either Apple’s tablet computer or a new iPhone.

Apple founder and CEO Steve Jobs said, “If you annualise our quarterly revenue, it’s surprising that Apple is now a $50bn-plus company. The new products we’re planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”

This story first appeared on newmediaage.co.uk

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