Apple’s fiscal fourth-quarter profit soared 47%, surprising Wall Street and providing perhaps the strongest signal yet that technology companies may be leading the economy out of the doldrums, the Los Angeles Times reports.
Fueled by brisk back-to-school sales of its MacBook notebook computers and continued momentum of its popular iPhone, the Californian company said it posted its “most profitable quarter ever”.
Its earnings of US$1,67bn far exceeded analysts’ expectations and were another sign that the technology sector might be a bellwether for a larger recovery.
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