Steve Jobs unveils $7bn profit in second-quarter results amid hints the next version of iPhone will be released in September.

This article titled “Apple profits up 124% year-on-year after record iPhone sales” was written by Charles Arthur, for The Guardian on Tuesday 19th July 2011 23.00 UTC

Apple has delighted its shareholders by racking up another record quarter, strengthened by strong sales of its iPhones, iPads and record sales of its Mac computers. It also hinted that the next version of the iPhone would be released in September, alluding to a “future product transition” then.

The firm's revenues were .57bn, up 90% year-on-year, and profits .31bn, up 124%, as it sold 20.34m iPhones – more than double the number sold last year, ahead of the release of the iPhone 4 – and 9.25m iPads, almost triple the number sold during its debut quarter in 2010. “We're thrilled to deliver our best quarter ever,” said Apple's chief executive, Steve Jobs, on Tuesday.

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