Microsoft profit beats Wall Street, shares rise
SEATTLE, Oct 29 — Microsoft Corp beat Wall Street expectations with a 51 per cent jump in quarterly profit, as higher sales of its flagship Windows and Office software knocked down fears Apple’s iPad would take a bite out its main business. Its shares, down 14 per cent so far this year, rose 3 per cent in after-hours trading. Despite doubling its …
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Apple Starts Online Store in China to Boost IPhone, IPad Sales
Apple Inc. began taking orders from customers in China via its online store, as the maker of the iPhone and iPad tablet computer steps up its efforts to boost sales in the world’s fastest-growing major economy.
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