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iPhone: Apple's Quarterly Saviour

Apple posted unexpectedly successful quarterly results yesterday in the face of tight economic times. It was because of the iPhone.

Net profit had reached $1.21bn during the quarter; a notable rise from the $1.05bn attained in the same three-month period last year. Sales were also uncharacteristically up for a sector looking down, jumping 8.7 per cent to hit $8.16bn.

Driving Apple's success was the iPhone, which itself sold more than 3.7million units worldwide in the first three months of the year; a 123 per cent increase on 2008.

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