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iPhone helps Apple beat forecast with £1bn profit

The sale of more than five million iPhones helped Apple beat forecasts with a profit of almost £1bn for its third quarter.

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The sale of more than five million iPhones helped Apple beat forecasts with a profit of almost £1bn for its third quarter.

The company recorded turnover of more than £8bn, which was boosted by an increase in sales of iPhones of over 600% compared with the same period a year ago.

The company sold half as many Macintosh computers (2.6 million) as iPhones during the period, and it sold 10.2 million iPods, which represents a 7% decline from the same period a year ago.

"We are making our most innovative products ever and our customers are responding," said Apple CEO Steve Jobs. "We are thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billionapplications from our App Store in its first year."

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