iPhone sales up 123 percent, Apple profits up $1.21 bn

Despite the economic slowdown, There is no impact on Apple Inc. as Cupertino-based electronic and software giant posted a quarterly profit of $1.21 billion on revenue of $8.16 billion.

Driven by higher sales of iPhones and iPods, Apple's quarterly profit is 15.2 per cent up from $1.05 billion during the same period a year ago.

The International Sales contributed 46% to company's revenue.

During second quarter, Apple sold 3.79 million iPhones, up a huge 123 per cent from the same period last year.