Apple developing new iPad Apple Inc. reported blowout earnings for the quarter ended June 25, due in
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Apple developing new iPad Apple Inc. reported blowout earnings for the quarter ended June 25, due in part to the popularity of its iPad. The company sold 9. 3 million units in the quarter, nearly triple what it sold a year earlier. Still, its next generation iPad is expected later in 2011.
The Wall Street Journal, August 19, 2011 With Apple’s iPad sales so strong, why would Apple Inc. be rushing to bring a more advanced iPad to the market? Explain how Apple’s economic profit will likely change as competition in the iPad market intensifies.
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