Apple posts record $16bn profit

Apple said its net profit more than doubled in the first quarter of fiscal 2012 to a record $13.06 billion (NZ$16bn) , driven by strong sales of iPhones, iPads and Macintosh computers.

The California-based gadget-maker said revenue rose to $46.33 billion in the quarter which ended on December 31 from $26.74 billion in the same period a year ago.

Apple said it sold 37.04 million iPhones in the quarter, up 128 percent from a year ago, and 15.43 million iPads, a 111 percent increase.

The company sold 5.2 million Macintosh computers in the quarter, a 26 percent increase, and 15.4 million iPods, a 21 percent decline.

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," Apple chief executive Tim Cook said in a statement.

"Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline," Cook said.


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