Apple Announces Record Sales and Profits

Two days before Apple is set to reveal its secret device, the company is making an announcement of a different sort, record sales and record profits. Q1 financials show record growth for the company. Apple says iPhone sales have doubled in the past quarter compared to last year, and Mac sales are up 33 percent.

“If you annualize our quarterly revenue, it’s surprising that Apple is now a $50+ billion company,” said Apple CEO Steve Jobs in a statement. “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about.”

iPods sales were down 8%, but when you consider the company brought in revenues of $15.68 billion ($3.38 billion in profit) we don’t think it has too much to be concerned about.

[Via CNN]