News that Apple’s profits have increased 49% due to demand for the iPhone last quarter. Good news for them ahead of their launch event tomorrow where they are expected to announce the iSlate tablet PC. A new iPhone is unlikely as they do not want to steal any thunder from the iSlate, they’ll save that till later in the year, but a new operating system update is likely, which they hope will raise the bar further and put more pressure on it’s competitors to raise their game.

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