Apple Profits Surge 67%

Electronics maker Apple Inc. (formerly Apple Computer) saw profits surge by 67% in the three months to the end of September, thanks to demand for its widely popular Mac computers and iPods. The company also announced that it had sold more than one million units of its new iPhone, helping it make a whopping $904 million in the period, against $542m a year before. Total sales reached $6.2 billion as Apple set a record for the number of its computers sold in a quarter. The results comfortably beat expectations of analysts.

Apple said it had sold 1.12 million iPhones - towards the top end of predictions, while it also shipped 2.2 million Macintosh computers and 10.2 million iPods. Analyst Tim Bajarin of Creative Strategies said that iPhone sales were raising awareness of the brand. "There's no question that Mac sales are still having a halo effect from the iPod and iPhone," he said. "Our own survey of Apple stores shows that Mac [computer] sales continued to be strong even in this last quarter. More and more people have become interested in the Mac because of Apple's ease of use."

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