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Apple’s profits increased with 118%

The U.S. technology company Apple reported impressive profit growth during the last quarter of 2011. A positive result was up an impressive 118 percent annually, mainly due to strong sales of the iPhone. For the last three months of 2011 Apple's profit was 13.1 billion USD or 13.87 USD per share. This is achieved well below the same period in 2010 6 billion USD or 6.43 USD per share. Revenues founded by the late Steve Jobs company have dropped by 73 percent to 46.3 billion USD. The expectations of analysts was for Apple to make a profit of 10.08 dollars per share on revenue of 38.85 billion, Reuters poll shows. During the quarter were 37.04 million units sold iPhone, which is well above the forecast 30 million sales. In iPad sales are 15.43 million pellet in expectations for sales of 13.8 million units. Between sold 5.2 million computers and Mac. For this quarter, Apple expects 32.5 billion dollars in revenue and earnings per share of 8.5 USD. The analysts predict that the company achieved sales of 32 billion USD and profit of 8.02 USD per share. After the publication of the report, Apple shares have shot literally, in extended trading hours was recorded a jump of nearly 8 percent to over 452 USD per share. So the company's market capitalization by nearly 30 billion USD to over 420 billion USD within minutes.