Apple reports best quarter in history as profit soars almost 50%

Handing in the best quarterly results, Apple reported a $3.4 billion profit for the fourth quarter, nearly a 50% increase compared with the same period in 2008. Sales of Mac computers were up 33%, but iPod sales fell 8%, a fact executives attributed to the popularity of iPhone, which includes many of iPod's features.

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San Jose Mercury News (Calif.) (free registration)

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