Apple to post biggest revenue increase in 7 quarters
Bloomberg notes that Apple is expected to report its biggest revenue increase in seven quarters today after the markets close. According to the average forecasts of analysts surveyed by Thomson Financial, fourth quarter sales should rise 15 percent, with net income of 7 cents a share on $1.7 billion in revenue, compared with a loss a year earlier. Analysts are pointing towards the success of Apple’s iPod, iTunes Music Store, Power Mac G5, and new PowerBooks as the reason for the good financial news.
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