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FRIDAY, NOVEMBER 27, 2009
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Apple Harvests Record Profit

Holiday iPod sales surge defies Wall Street

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(Newser) – A late surge in holiday iPod sales boosted Apple quarterly revenue and profits to a record high, reports the Los Angeles Times. Wall Street analysts had predicted a slump of up to 18% in Apple sales, but despite the recession, the company is reporting $1.61 billion in profits on increased revenue of $10.2 billion. Apple shares rose 6% to $82.83 in regular trading, then jumped another 10% after hours.

Apple Store customers play a sneak peek version of
Apple Store customers play a sneak peek version of "SimCity" from Electronic Arts on an iPod touch.   (PRNewsFoto/Apple)
Apple customer uses an iPod Nano at an Apple store. iPod sales have produced record profits against all expectations.
Apple customer uses an iPod Nano at an Apple store. iPod sales have produced record profits against all expectations.   (AP Photo/Paul Sakuma)
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