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Apple posts impressive Q1 results

by on21 April 2011

iPhone sales continue to soar
Apple has posted its earnings for the first quarter of 2011, beating market expectations once again.

The fruit-themed outfit recorded a net income surge of 85 percent year-on-year, while profits jumped 95 percent, to $5.99. Total revenue increased $24.6 billion, an increase of 83 percent over the same period.

Computer sales jumped 28 percent, but iPad shipments were slightly below expectations. However, with the new iPad 2, this is set to change in the current quarter. The star of the show was the iPhone, with shipments of 18.6 million units, a whopping 113 percent rise year-on-year.

The iPod range saw the only decline, which has become a trend thanks to the advent of the iPhone. Apple CEO Steve Jobs commented the results merely by saying that Apple is firing on all cylinders.
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