23 October 2007
Apple's new iPhone, which will be released in the UK in just over a fortnight's time, has been credited for powering a surge in the firm's net profits.
Latest quarterly figures released yesterday show that Apple has grown its year-on-year revenues, which now stand at just over £3 billion, by 29%.
Net profits now stand at £450 million, up 67%.
The massively-hyped iPhone, the computer firm's first foray into the mobile phone market, sold out in the US when it was released at the end of June: so far, it has sold an astonishing 1,389,000 units.
"We are very pleased," Apple Chief Executive Steve Jobs said of the results.
"We're looking forward to a strong December quarter."
Apple's profits were consolidated by a strong showing from the iPod, its portable mp3 player, whose sales increased by 17%, as well as its Mac computer, whose sales also grew by 34% over the quarterly period.
The iPhone is released in the UK on November 9th.
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