Daily News Channel
Apple profits jumped 47 percent on surging iPhone and Macintosh computer sales in the latest quarter, capping a remarkable boom year for a company whose rivals were lucky to tread water. Although Google and other tech companies have recently reported strong results or an improved outlook, raising optimism in the sector, none have outstripped expectations as markedly as Apple.
Asia is set to lead the world out of the global financial crisis in spite of the slow recovery in the US and Europe, according to the latest forecasts by the Asian Development Bank. In a dramatic contrast to its view in March, when it slashed 2009 growth forecasts for Asia excluding Japan from 7.2 per cent to 3.4 per cent, the ADB on Tuesday said the region would grow more strongly than expected both this year and in 2010.