Apple Profits Soar as iPhone Sales Smash Expectations

With so many mobile manufacturers reporting poor quarterly results and a downturn in sales it seems once again Apple has bucked the trend.

 

The tech giant has reported profits of $11.6bn in the first quarter of 2012, that’s an increase of $6bn compared to the last year. iPhone sales almost doubled reaching 35 million units sold proving that Apple continues its focus on taking market share from Android.

 

Market analysts were predicting poor sales of the iPhone but those predictions could not have been further off the mark.

 

Tim Cook Chief Executive of Apple said “We’re thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter. The new iPad is off to a great start, and across the year you’re going to see a lot more of the kind of innovation that only Apple can deliver”.

 

With the highly anticipated iPhone 5 set to launch this year and its competitor the Samsung Galaxy S3 launching next month it will be interesting to see how the numbers stack up when both products go on sale.

 

Compare iPhones at Mobilesplease

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