Apple profits leap as iPhone and iPad sales soar

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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