Apple’s profits almost double, helped by rising iPhone sales

Apple nearly doubles profits, thanks to a rise in iPhone sales. Apple has reported quarterly net profits of $5.99bn, almost double what it made 1 year ago.

This massive profit spike is being attributed to a large rise in iPhone sales. The company sold 18.65 million iPhones, causing Apple’s stock to go up 2.5%.

According to Apple CEO Steve Jobs the company is “firing on all cylinders”, and promised that Apple will “continue to innovate on all fronts throughout the remainder of the year”.

Meanwhile the iPhone maker is coming under fire from all fronts because of its recently discovered tracking activities. iPhone and iPad users’ whereabouts have been tracked secretly by Apple, and uploaded to the company incognito; raising a few eyebrows from privacy advocates.