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iMac does the job as Apple profits soar

By Sally Watson

Published: 15 April 1999 14:00 GMT

Apple Computer has posted profits of $135m for its second quarter ended 27 March 1999 - more than double its profit for Q2 last year.

The company says sales grew by 27 per cent following the strong performance of its iMac personal computer and Power Macintosh G3 business computers. Research company IDC predicted overall industry growth of just 14 per cent.

In a statement, Steve Jobs, Apple's interim CEO, said he was "delighted that Apple grew faster then the industry in its sixth consecutive profitable quarter".

The company recorded revenues of $1.53bn for the quarter - up 9 per cent on last year.

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