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Apple profits almost double, but iPod and iPad sales disappoint

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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