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Apple doubles quarterly profit year on year to $13bn

Revenues at record $46.33bn for quarter ending December 31, 2011

Apple has posted record quarterly profits and revenues for the three months ending December 31, 2011, posting $13.06 billion in profit and $46.33 billion in sales.

The profit is more than double that which the manufacturer generated for the same period in 2010, when it cleared $6 billion.

The company sold 37.04 million iPhones during the period, during which the company released its latest model, the 4s. That figure represents a growth of 128 per cent over the iPhone sales for the same period in the year previous.

iPad sales for the quarter were up 111 per cent to 15.43 million units. Apple Mac sales were up 26 per cent to 5.2 million.

"We're thrilled with our outstanding results and record-breaking sales of iPhones, iPads and Macs," said Apple CEO Tim Cook. "Apple's momentum is incredibly strong, and we have some amazing new products in the pipeline."

CFO Peter Oppenheimer predicted a continued healthy performance for the company, albeit shrinking in line with expectations after the 4s launch and holiday season.

"We are very happy to have generated over $17.5 billion in cash flow from operations during the December quarter," said Oppenheimer.

"Looking ahead to the second fiscal quarter of 2012, which will span 13 weeks, we expect revenue of about $32.5 billion and we expect diluted earnings per share of about $8.50."

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