Just recently, news of Apple’s Chief Executive Steve Job taking leave of absence due to poor health dropped the value of Apple’s shares but not for too long as they quickly picked up after Apple released its results for its fiscal first quarter.

Apple’s latest results have surprised everyone by surpassing all the forecasts. Apple enjoyed a profit of $6.43 per share in the quarter which is greater than $3.67 per share last year. This main reason for this jump is increase in sales from $15.683 billion last year to $26.74 billion.

The Wall street experts had predicted profit of $5.40 per Apple’s share and total sales of $24.433 billion.

The most popular reason for such profit is Apple’s latest product: iPad which surpassed all expectations by record sales of 7 million in the recent quarter. Furthermore, Apple experienced 86% jump in the sales of iPhone in this quarter.

While the numbers are positive, Apple’s iPad will be facing a lot of competition in the upcoming quarter now that several major companies such as Dell, HP & Samsung among others are releasing their own tablets as well. But then, we hear that soon Apple will be releasing iPad 2 with more features.