Apple Inc. this week reported the company’s profit more than doubled amid strong sales of the iPhone and iPad during the holiday sales period.
Net income increased 118 percent to $13.06 billion, an increase from $6 billion one year prior. Revenue climbed 73 percent to $46.33 billion, up from $26.74 billion one year ago.
The company sold 37 million iPhones in Q1. The device, which has sold 183 million units since launch in Mar. 2007, now accounts for 72 percent of total revenue.
The iPad sold 15.4 million units in the same period. The figure was more than double the number sold the year prior, despite strong competition from Amazon.com Inc.’s $199 Kindle Fire or Barnes and Noble Inc.’s $249 Nook Tablet.
Finally, Apple sold 5.2 million Macs, a 26 percent increase from the year prior.
Apple this month released new software catered to the education market, including iBooks 2 for digital textbooks, iBooks Author to create digital textbooks, and iTunes U to design and distribute course material.