Apple income jumps on iPhone, iPad sales

APPLE said its fiscal third-quarter net income rose 78 per cent, thanks to sales of its iPhone and the new iPad tablet computer.

Apple said it sold about 3.3 million iPads in April through June, the gadget's first three months on the market.

iPhone unit sales rose 61 per cent, with a boost at the end of the quarter from the launch of the iPhone 4.

Apple's net income jumped to $US3.25 billion ($3.74 billion) from $US1.8 billion ($2.07 billion) a year ago.

Revenue increased 61 per cent to $US15.7 billion, from $US9.7 billion last year.

That was better than Wall Street expected.

Analysts surveyed by Thomson Reuters had forecast revenue of $US14.7 billion.

Source : HeraldSun.com