Skip to content
Subscriber Only

Apple’s Profit Gain Eases Concern Over Jobs’s Leave

Apple Inc.’s 78 percent surge in profit, buoyed by holiday purchases of iPads, iPhones and Mac computers, helped allay concerns about the company’s prospects as Chief Executive Officer Steve Jobs takes medical leave.

Net income in the fiscal first quarter rose to $6 billion, or $6.43 a share, from $3.38 billion, or $3.67, a year earlier, Apple said yesterday in a statement. The Cupertino, California-based company also projected second-quarter profit and sales that may exceed analysts’ estimates.