Mobile phone recycling: iPhone sales double in first quarter

25/04/2012

Mobile Phone Recycling: IPhone Sales Double In First Quarter

Apple has seen quarterly sales of its flagship smartphone double in the past year.

According to new figures released by the tech giant, iPhone sales in the first three months of the year helped bolster the company's profits, almost doubling them to $11.6 billion (£7.2 billion).

The company shifted an astonishing 35 million mobile phones between January and March of this year.

Apple also enjoyed a marked increase in iPad sales, thanks to the successful launch of the iPad 3.

Shares in the company rocketed, rising by seven per cent to $601 per share.

Meanwhile, revenues exceeded expectations, climbing higher than the firm's own forecast of $32.5 billion and that of Wall Street analysts, who predicted revenues of $36.6 billion.

Chief executive officer of Apple Tim Cook said: "We're thrilled with sales of over 35 million iPhones and almost 12 million iPads in the March quarter."

Mr Cook also dropped subtle hints that consumers were likely to be overwhelmed by the innovations the company is currently working on.

Posted by Claire Marshall

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