Apple's profits surge by 90%

Apple today announced a 90% leap in profits for the quarter ended March 27 this year.

The company posted revenue of $13.5bn (€10bn) and net quarterly profit of $3.07bn (€2.3bn), or $3.33 per diluted share. These results compare to revenue of $9.08bn (€6.75bn) and net quarterly profit of $1.62bn (€1.2bn), or $1.79 per diluted share, in the same quarter last year.