The BBC reports: "Apple has announced a 50% increase in profits after seeing a bumper Christmas period, in which sales of iPhones doubled from a year ago.

Net income rose to $3.38bn (£2.08bn) in the three months to 26 December, from the $2.26bn it made the previous year.

Apple said it sold 8.7 million iPhones in the quarter. Sales of Macs also rose 33%, although iPod sales fell by 8%." Full Story