Wall Street forecasts were completely undone by Apple’s profit figures which have been boosted by the sales of Mac computers and the introduction of the iPad.
Apple's revenues rose to $15.7bn, well ahead of analysts' forecasts of about $14.75bn.
"It was a phenomenal quarter that exceeded our expectations all around, including the most successful product launch in Apple's history with iPhone 4," said Steve Jobs, Apple's chief executive.
"iPad is off to a terrific start, more people are buying Macs than ever before, and we have amazing new products still to come this year," he said.
The company reported net income for the three months to 26 June of $3.25bn (£2.1bn), or $3.51 a share, up from $1.83bn for the quarter last year.
The news sent Apple shares up 3.4% in after-hours trading, and go some way to relieve investors' concerns about the quality of the iPhone 4.
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