Daily Archives: April 20, 2011

Apple’s profits surged 95 per cent in its fiscal second quarter as iPhone shipments more than doubled, Mac volume grew 28 per cent and the company sold 4.7m iPads.

The Silicon Valley company said it earned $5.99bn in the three months, or $6.40 a share, far above the average brokerage prediction of $5.36. Revenue increased 83 per cent to $24.78bn. Read more

Tech news from around the web:

  • Google chairman Eric Schmidt will take a substantial rise from his original $1 salary with a $1.25m a year pay package as chairman of Google’s board of directors, PaidContent reports. According to a filing to the US Securities and Exchange Commission, he is also entitled to a bonus of up to 400 per cent of his salary.

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The computing industry has benefited this year from an unexpected rebound in business spending on information technology in the developed world and continued rapid growth in the emerging markets, according to figures released by some of the industry’s leading names late on Tuesday.

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