Apple record soaring profits and sales

July 20, 2011

No matter where our allegiances lie, with Microsoft or Apple, the truth of the matter is Apple is the world's largest tech company and has been since May 2010.

As expected, or unexpected considering the global economic situation, Apple's latest profits soared past expectations as a result of the sales of the iPhone and iPad more than doubling.

If we were to put this into simple numbers net income for Apple was around £4.6billion in just three months up to 25th June. This is an astonishing 125% higher than last year.

Even though the sales of the much loved iPhone 4 and iPad 2 are helping sales shoot through the roof iPod sales are continuing to slip even with the release of the new iPod range last year that including an updated iPod Nano, iPod Touch and iPod Shuffle.

Recent reports have also confirmed that Lion, the new version of the Mac OS X operating system will go on sale Wednesday. The new operating system software mimics some of the features present on the iPhone and iPad interface.

Along with all of that the new operating system for the numerous Apple iDevices is also soon to be released. The new iOS, iOS5, includes the much anticipated features like the iCloud.

Furthermore, the rumours that are surrounding the iPhone 5 seem to suggest that we could very well see a new iPhone being released at some point later this year. However, if you want to check out our iPhone 5 review then click here.

However, there is still some uncertainty in the Apple camp considering HTC and Apple are in court fighting it out over a number of infringements. In addition Apple is in dispute with other technology firms like Samsung and Motorola over the rights to certain technology.

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