Apple takes bite out of the competition with 47% profit jump 
(A.P.) Wall Street knew Apple Inc.'s results for the most recent quarter would blow past the company's conservative guidance, but investors clearly weren't prepared for the 47 percent jump in profit that Apple delivered.
Shares leaped 5.4 percent Tuesday on news that Apple sold more iPhone and Mac computers than ever.
Apple's financial report, released after the ...Login required
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