17:23 ET<\/span><\/span><\/p>\nLatest profits for the computer giant Apple beat hopes, including a higher-than-expected rise in iPhone sales.<\/p>\n
Net income for the three months to March jumped 85% on the same period a year ago, with iPhone sales of 18.65m – a rise of 113%.<\/p>\n
The figures are the latest in a string of good results from the US’s technology companies.<\/p>\n
Intel’s figures, released on Wednesday, were also well above hopes and helped share prices to a three-year high.<\/p>\n
Apple reported quarterly net profits of $5.99bn (\u00a33.6bn), 95% up on the $3bn it made a year ago. Revenue was $24.67bn, a rise of 83%.<\/p>\n
Sales of the company’s computers were strongly higher, up by 28% from a year ago.<\/p>\n
Apple’s figures were not uniformly positive. It sold 4.69m iPad tablet computers in the quarter, below expectations.<\/p>\n
Another disappointment was sales of its one-time star, the iPod, down by 17% on the year at 9m units.<\/p>\n
Most analysts were enthusiastic about the figures.<\/p>\n
Channing Smith, portfolio manager at Capital Advisors growth fund, said: “Dynamite numbers across the board. The only hiccup is lower than expected iPad numbers.”<\/p>\n
Apple chief executive Steve Jobs said in a statement: “With quarterly revenue growth of 83% and profit growth of 95% we’re firing on all cylinders.”<\/p>\n
Mr Jobs, who went on medical leave in January with an undisclosed illness, continued: “We will continue to innovate on all fronts throughout the remainder of the year.”<\/p>\n
The day-to-day running of Apple is currently being done by chief operating officer Tim Cook.<\/p>\n<\/div>\n
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