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Last Bytes Apple Profit Soars Ebay Profit Falls

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by Mark Stein
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Apr 22 2009 5:04pm EDT

Last Bytes: Apple Profit Soars; eBay Profit Falls

Led by booming iPod sales and shrugging off a dip in its Macintosh business, Apple's net income rose 15 percent in the second quarter to $1.21 billion. Revenue increased 8.7 percent, to $8.16 billion. [BizJournals]

EBay's net dropped 22 percent in the most recent quarter as revenue retreated 8 percent. [WSJ]

The iPhone staunched some of AT&T's profit bleeding, as its first-quarter profit dropped 9.7 percent from a year ago, but the results far exceeded Wall Street's expectation of a bigger plunge. [NYT]

In App Store war, BlackBerry and Google are still holding their own. [Reuters]

The old streetlight is getting a "green" makeover. [WSJ]

Hong Kong appeals court blocks telecom firm PCCW's $2 billion buyout by a Hong Kong tycoon. [AFP]

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