At a time when PC makers are settling for a smaller-than-expected decline in shipments, Apple today turned in a 4 percent increase in Mac sales, becoming the latest big tech company to provide a glimmer of hope in the middle of the recession. Its overall profits were $1.23 billion -- an increase of 15 percent over the same quarter last year.
Apple's big quarter follows strong results from Google and Intel last week. Yahoo today reported that revenue fell by 13 percent, but its cost-cutting, including layoffs, led to an 8 percent increase in quarterly profits. Seattle-area tech giants Microsoft and Amazon.com report their quarterly earnings Thursday afternoon.
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