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Wed 07 Jul 2009Apple's profit tops forecasts
Apple's quarterly profit blew past Wall Street forecasts thanks to strong sales of Macs and iPhones and higher-than-expected gross margins, sending its shares up more than 3 per cent last night.
The company defied the global economic recession and reported a net profit of $1.23 billion, or $1.35 a share, for its fiscal third quarter ended June 27th, up from $1.07 billion, or $1.19 a share, in the year-ago period.
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