By Marcus Leach
Despite the economic downturn computer and technology giants Apple have recorded increased profits, as well as sales of their iPhone.
The sales of the iphone saw a 113 per cent increase on the opening three months of the year, compared to the same period last year, with 18.65 million sales. Meanwhile net income in the same period rose by 85 per cent.
Despite recent events in Japan, which have caused problems for many companies with sourcing of components, Apple reported quarterly net profits of $5.99 billion, 95 per cent up on the $3 billion it made a year ago. Revenue was $24.67 billion, a rise of 83%.
It wasn't just the iphone that saw an increase in sales, the company's computers were up by 28 per cent, thanks largely to the newest version of the MacBook Pro.
However, it was not all good news, with the iPad not reaching expected sales and only clocking 4.69 million, and the iPod 17 per cent down on last years figures.
"With quarterly revenue growth of 83% and profit growth of 95% we're firing on all cylinders," Apple chief executive Steve Jobs said in a statement.
"We will continue to innovate on all fronts throughout the remainder of the year."