Apple profits up 90%

Apple’s profits were up 90% to $3 billion in the three months to 27 March, boosted by the global success of the iPhone.

iPhone sales increased 131% year on year to 8.75 million, helped by deals with new mobile network providers.

Revenue at the firm was also up, by 48% to $13.5 billion.

Sales of Macintosh conputers rose 33% to 2.94 million, although iPod sales dipped 1% to 10.89 million.

CEO Steve Jobs said: “We’re thrilled to report our best non-holiday quarter ever, with revenues up 49 percent and profits up 90%.

“We’ve launched our revolutionary new iPad and users are loving it, and we have several more extraordinary products in the pipeline for this year.”

The electronics firm recently announced that the international release – including the UK – of its new iPad product has been put back to the end of May.