Apple's Net Income Jumps Whopping 78 Percent

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    NEWSLETTERS

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    Apple customers talk infront of 'i-Phone' signs during the official opening of the new Sydney Apple Store on June 19, 2008 in Sydney, Australia.

    Apple says its fiscal third-quarter net income rose 78 percent, thanks to sales of its iPhone and the new iPad tablet computer.

    The numbers once again show that the best thing Apple really makes these days is money.

    Apple Inc. said Tuesday it sold about 3.3 million iPads in April through June, the gadget's first three months on the market. IPhone unit sales rose 61 percent, with a boost at the end of the quarter from the launch of the iPhone 4.

     Apple's net income jumped to $3.25 billion, or $3.51 per share, from $1.8 billion, or $2.01 per share a year ago.

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    As excited as Silicon Valley folks are to see the next generation iPhone, that's how badly they feel about the guy responsible for it.

    Revenue increased 61 percent to $15.7 billion, from $9.7 billion last year.

     That's better than Wall Street expected. Analysts surveyed by Thomson Reuters had forecast net income of $3.11 per share in the quarter on $14.7 billion in revenue.