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.
Apple is set to introduce a new iPhone with a stronger chip for processing data and an 8-megapixel camera in September, two people familiar with the product said last month. The iPhone 4, with a 5-megapixel camera, sold 1.7 million units in its first three days on sale at the end of the June quarter a year ago. Unit sales have risen four straight quarters and in all but three of the past 10 quarters.
A new iPhone will provide a boost to Apple, especially among users switching to a smartphone for the first time, Wolf said. In the three months ending in May, 76.8 million people in the U.S. owned smartphones, up 11 percent from the previous three months, according to ComScore Inc. Overall, some 234 million Americans use mobile phones, ComScore said.
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