Apple‘s success with the popular the iPad and iPhone have caused a surge in quarterly net-profits of $7.31 billion, a 125% increase from the same quarter a year ago. The iPad increased 183% from the previous quarter last year with 9.25 million units sold whilst the iPhone sales increased 142% selling 20.34 million units.
The bumper sales for the iPad and iPhone made up for the 20% decline in iPod sales with 7.54 million iPods sold. The shares jumped to a high of $405 during late trading and closed at another record: $376.85. Both are the first time Apple has managed to reach such high amounts. Steve Jobs, Apple CEO, told investors “right now, we’re very focused and excited about bringing iOS 5 and iCloud to our users this fall.”