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Apple Profit Seen Rising as IPad Buying Counters IPhone Lull

Apple Inc. is set to post a 69 percent jump in quarterly profit when it reports results today, after record buying of the iPad and Mac computer made up for weaker demand for its aging iPhone 4.

Profit rose to $5.5 billion in the fiscal third quarter, which ended June 25, according to the average prediction of analysts in a Bloomberg survey. Sales gained an estimated 59 percent to $25 billion.