Net income in the fiscal second quarter climbed to $11.6 billion, or $12.30 a share, as sales rose 59 percent to $39.2 billion, Cupertino, California-based Apple reported yesterday. Apple Inc. (AAPL) profit almost doubled last quarter, reflecting robust demand for the iPhone in China and purchases of a new version of the iPad. Apple rose after reporting that robust demand for the iPhone in China fueled a 94 percent surge in quarterly profit, allaying the growth concerns that had sliced the company’s shares by 12 percent since April 9.
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