Apple enjoys profit increase thanks to iPhone sales

Apple has enjoyed an increase in profits thanks to a dramatic rise in sales of the iPhone over the last three months. Despite the credit crunch, people have been buying an unprecedented amount of Apple computers, iPhones and iPods.

The technology company sold over 2.6m Macs, 11m iPods as well as 6.9m iPhones to record a 26% increase in profit compared to its figures for 2007. Unsurprisingly chief executive Steve Jobs was delighted by the news: "Apple just reported one of the best quarters in its history, with a spectacular performance by the iPhone – we sold more phones than [BlackBerry maker] Research In Motion."

According to Jobs, Apple is now the third largest mobile phone supplier in the world in terms of revenue. The company easily met its target of selling over 10m iPhones in 2008 thanks to the launch of the iPhone 3G.

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