Financial Times FT.com

Apple leaps ahead with 47% profits surge

By Joseph Menn in San Francisco

Published: October 20 2009 00:31 | Last updated: October 20 2009 00:31

Apple profits jumped 47 per cent on surging iPhone and Macintosh computer sales in the latest quarter, capping a remarkable boom year for a company whose rivals were lucky to tread water.

Although Google and other tech companies have recently reported strong results or an improved outlook, raising optimism in the sector, none have outstripped expectations as markedly as Apple.

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