Winning Moves

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Apple registers record-breaking first quarter

Computer giant Apple has reported its best ever quarterly results outside of the holiday season as the IT industry continues to show positive signs of growth across the board.

The company reported an impressive 131 per cent rise in iPhone sales compared to the same period in 2009, with the handset selling well in Europe.

Apple was also boosted by the increased sales of its flagship Macintosh computer line, with a year-on-year increase of 33 per cent seeing 2.94 million units sold.

In total, the firm registered a net quarterly profit of $3.07 billion (£1.99 billion), a big leap from the year-ago quarter which yielded $1.62 billion net profit.

Recently the company announced that it would be delaying the European launch of its high-tech iPad, which has already been selling well in the US.

Intel, market leaders in chip manufacturing, revealed record profits in its latest figures for the year, with a 288 per cent rise in net income.

By James Carter
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