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October 20, 2009

IPhone helps Apple profit rise 47%

SEATTLE (AP) — Apple Inc. said its net income rose 47 percent in the most recent quarter as more people bought Mac computers and gave in to the iPhone craze. The results sent Apple shares surging in extended trading Monday to an all-time high of $189.86.

Apple unveiled a faster iPhone in June and cut the price of the previous generation of the phone to $99. Those moves boosted iPhone sales from July through September to 7.4 million devices, half a million more than in the same period of 2008.


 
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