iPhone demand boosts Apple profit
Apple has managed to produce a striking sales figure of its latest iPhone. In this first quarter of this year 2010, Apple has received highest profit of 90% from iPhone and Macintosh computers.
According to the report, the net profit of Apple has touched $3.1billion while the revenue has risen to 49%. The generated revenue was $13.5billion in the first three months to 27th March.
In an official statement, Apple has informed that they have sold maximum number of popular smart phone that is nine million which is more than double the number from a year earlier.
And it shipped approximately three million Macs and about ten million iPods. It has sold more than 300, 000 of its iPad tablet computer, in the US the day it launched it.
Chief Executive Officer of Apple, Mr. Steve Jobs has said that the results were the best non holiday quarter ever for the company. The incomes were remarkably good so far as its competitors are concerned. It has also managed to pull its stock price by 6% higher.