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Apple Announces Strong Second Quarter

Apple Announces Strong Second Quarter -- Apple last week announced a strong second quarter, with revenues of $2.65 billion (a 28 percent increase over the same period a year ago) with a net income of $73 million. These figures were aided by the success of the Power Macintosh and strong growth in sales outside the United States, despite fluctuations in the value of the dollar and some money Apple lost in foreign currency hedging. This is also the third consecutive quarter in which Apple shipped more than one million units. [GD]

 

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