Mobile phone recyclers could be behind Apple success

21 July 2010 — 11:59 AM

Mobile phone recyclers could be behind Apple success

A large number of people may have recycled their old mobile phone and purchased an Apple device, if new figures are anything to go by.

The innovative manufacturer has revealed its latest financial statistics, which show record-breaking revenue of $15.7 billion (£10.3 billion) was recorded in the third quarter of 2010.

Such an amount meant Apple was able to post a quarterly profit of $3.25 billion - or $3.51 per share.

The results suggest the company has enjoyed a surge in popularity during the last year, with the revenue figure up from $9.73 billion in the same period a year ago.

One reason behind the rise could be Apple's release of the iPad and iPhone 4, both of which may have been snapped up by millions of consumers.

Indeed, three million iPads were sold within three months of the revolutionary handset going on sale - many of which could have been to those who had recycled their old mobile.

Meanwhile, 1.7 million iPhone 4's were purchased within three days of it being released last month.

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