Apple reports quarterly profit

Apple has announced financial results for the quarter ended 27 March 2010, posting revenue of $13.5bn and net quarterly profit of $3.1bn, or $3.3 per diluted share.

These results compare to revenue of $9.08bn and net quarterly profit of $1.62bn, or $1.79 per diluted share, in the same quarter of 2009, while gross margin was 41.7 per cent, up from 39.9 per cent in the same quarter as 2009.

Sales of Macintosh computers were up 33 per cent unit over last year, while iPhone sales increased by 131 per cent and iPods declined by one per cent compared to the year-ago quarter.

International sales accounted for 58 per cent of the quarter’s revenue.