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Apple May Say Profit Jumped on IPad, IPhone 4 Demand

Apple Inc. will report that profit rose 58 percent, analysts predict, reflecting demand for the iPad tablet and early sales of the iPhone 4.

In a report later today, Apple may say net income in the fiscal third quarter surged to $2.88 billion, or $3.11 a share, according to the average estimate of analysts surveyed by Bloomberg. A year earlier, Apple’s profit was $1.83 billion, or $2.01 a share, when adjusted for an accounting change. Last quarter’s revenue likely surged 52 percent.