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Earnings: Apple Posts $1 Billion-Plus Profit; Beats Street On Earnings, Revenue

This story was written by Staci D. Kramer.

Work in progress. Apple (NSDQ: AAPL) earned $1.05 billion, or $1.16 per share, for the quarter ending March 29, compared with $770 million, or $0.87 per share, in the same quarter last year. Revenues for the company's second fiscal quarter were $7.51 billion, compared with $5.26 billion last year before the company launched the iPhone, the iPod Touch and the MacBook Air.

Apple also confirmed its acquisition of P.A. Semi Inc. The privately held company makes power-efficient chips. No details on price yet.

Earnings Release | Webcast (5 p.m. EDT, requires Quicktime)

By Staci D. Kramer

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