engine - 12:30 pm on Jan 19, 2011 (gmt 0)

Apple Q1 Profits Up 71pct at $6 Billion [bbc.co.uk]

Apple made record profits and record revenues in the run-up to Christmas as shoppers bought more Macs, iPhones, and iPads than analysts predicted. The company said that in the three months to 25 December, net profit was $6bn (£3.7bn) on revenues of $26.74bn. Steve Jobs, Apple's chief executive, said in a statement: "We had a phenomenal holiday quarter."

Apple's first-quarter profit is a 71% jump on the same period last year.