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2011-01-18

Apple's bright view outshines Jobs' plight

Shares in Apple leapt almost 4 percent after hours following a brief trading suspension. It later backtracked to stand about 2 percent higher, recouping most of the losses incurred after Jobs' surprise announcement.

Apple, once notorious for its conservative forecasts, said it expected earnings for the March quarter of $4.90 a share on revenue of $22 billion (£13.8 billion), surpassing the forecast of $4.47 a share on revenue of $20.8 billion.