Apple Net Income Soars

Apple net income soars 78 pct. in holiday quarter, reports Businessweek.

Apple Inc. says it sold more than 7 million iPads, about a million more than expected. It sold more than 16 million iPhones in the quarter.

Net income jumped to $6 billion, or $6.43 per share, up from $3.4 billion, or $3.67 per share. Revenue jumped 71 percent to $26.7 billion.

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