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Apple is marching ahead

Apple is marching ahead

On Monday, Apple announced it had had a really, really good quarter. The sales of its recession-busting iPhone and new Mac computer models helped Apple’s revenues grow to $9.87 billion, from $7.9 billion last year, while net income grew from $1.14 billion to $1.67 billion. The analysts’ consensus was also beaten, maintaining Apple’s mythical status among shareholders and pundits alike.  Apple sold 7.4 million phones, 10.2 million iPods and 3.05 million Macs in the quarter. If there was a downside to such stellar results it was that Apple had trouble maintaining steady production lines to satisfy stratospheric demand for its products. The next major milestone for Apple is probably going to be a launch of the next big thing, dubbed iTablet by industry watchers. Although Apple wouldn’t even admit it is working on it, all indications point to the project being a stellar success that might redefine personal computing. Read more: The New York Times

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