By Marcus Leach

Sales of iPhones and iPads more than doubled as Apple announced their latest figures that showed better than expected results.

Net income was $7.31 billion (£4.6 billion) in the three months to 25 June, 125% higher than a year earlier and a record quarterly profit for the technology giants. Revenue was $28.6 billion, also a quarterly record.

In the quarter sales of iPhones reached the 20 million mark, whilst sales of iPads peaked at 9.25 million.

It was not all good news as iPod sales continued to fall by the way side, down 20% to 7.54 million units.

"We are extremely pleased with our performance," Apple chief financial officer, Peter Oppenheimer, said.

"Looking ahead to the fourth fiscal quarter of 2011, we expect revenue of about $25bn."

Mr Oppenheimer also said that Lion, the new version of the Mac OS X operating system, will go on sale Wednesday.

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