Apple saw its fourth quarter profits soar as the PC supplier returned to long hoped for revenue growth fuelled by demand for its new iMac machine. The company generated turnover of $1.7 billion, up from $1.6 billion a year ago. Net profits rose to $152 million from $48 million in the year ago quarter, but profit would have been $123 million without the one-off gain from the sale of shares in ARM Holdings. The fourth quarter was the first full one to register sales of Apple?s popular iMac system, with unit sales growing 49 per cent to 519,000. Steve Jobs, Apple?s interim chief executive, said: "Unit growth year over year was three to four times higher than the industry average."
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