Apple reports 166% jump in iPad sales for 2011 as profits climb 85%

For its fiscal year 2011, Apple's profits rose 85% to $26bn from $14bn in 2010. Sales reached $108bn, up 66% from $65bn in 2010. But iPhone sales figures fell below expectations and shares fell 6.5% in after-hours trading.

Jenny Williams

Jenny Williams is a correspondent for Computer Weekly.

She supports the technology team as well as covering mobile and desktop computing.

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The sales of Apple's iPad tablet device increased 166% compared to a year ago to reach 11 million units.

For its fiscal year results ending 24th September, Apple's profits rose 85% to $26bn from $14bn in 2010. Sales reached $108bn, up 66% from $65bn in 2010.

Peter Oppenheimer, Apple's CFO, said the company is extremely pleased with its record quarterly sales and earnings.

Apple's new iPhone 4S device went on sale in the UK this week. Tim Cook, Apple's CEO, said customers' response to the iPhone 4S had been fantastic.

"We are thrilled with the very strong finish of an outstanding fiscal 2011, growing annual sales to $108bn," Cook said.

Apple sold 17 million iPhone devices in the quarter, representing 21% growth compared to the same period in 2010. Sales of Apple Mac computers were up 26% to 5 million units sold while iPod sales declined 27% on 2010 figures.

Despite the hike in profits and shipments, iPhone sales figures fell below analysts' expectations, The Wall Street Journal reported. Shares fell 6.5% in after-hours trading.

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