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Apple profits up 50%

Apple on Monday fuelled anticipation about its expected launch of a tablet computer with a 50% leap in quarterly profit and a strong hint from CEO Steve Jobs that the maker of iPhone aims to ride its popularityinto the corporate market. On the day Jobs said he would announce a “major new product” on Wednesday, Apple reported another blowout quarter, as net income soared to $3.38bn or $3.67 a share, from $2.26bn or $2.50 a year earlier, well above estimates. IPhone sales doubled to 8.7m units shipped in the quarter.

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