Apple announced their quarterly profits today with their net profits up a whopping 94% over 2nd quarter 2011. During 2nd quarter 2012, Apple sold a total of 35.1 million iPhones and 11.8 million iPads resulting in a quarterly net profit of 11.8 Billion USD during the quarter. They also sold 7.7 million ipods during the same quarter. The number of iOS devices is now over 365 million devices thanks to to the sales of the devices this previous quarter.
Apple’s cash on hand reached a staggering 110.2 billion USD, which is a 12.6 billion increase over the previous quarter. Apple is planning to pay a $2.55 per share dividend at the end of 3rd quarter 2012.