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Apple posts huge profit ahead of iPhone 6 release

On Tuesday morning, it was revealed that Apple is about to post a Q3 net profit increase of $7.49 billion when compared to the Q3 profit from last year. This is good news for Apple, who one year ago seemed to be fading into oblivion. Of course, even in its "fading" stage, Apple was far more successful than just about any other company.

Apple has increased its profits over the past year.
Apple has increased its profits over the past year. Photo by Atsushi Tomura/Getty Images
The iPhone 5s has helped Apple increase its profits.
The iPhone 5s has helped Apple increase its profits.Photo by Atsushi Tomura/Getty Images

The last year or so has been very successful for Apple. In the smartphone category, they made a huge splash with the iPhone 5S and even the iPhone 5C. One year ago, it seems that more people owned a Samsung Galaxy S smartphone than the iPhone. That seems to have changed since the release of the iPhone 5S in September. You can expect it to change even more with the iPhone 6 and the new iPhone Phablet with a 5.5-inch screen.

In addition to smartphones, Apple is set to upgrade its 13-inch and 15-inch MacBook Pro notebooks with faster processors, better graphics, higher resolution screens, and an an even lighter build (if that's possible). Apple is also set to unveil a 12-inch iPad, a new regular iPad, and a new iPad mini. Apple appears to be on top again, but Los Angeles industry Analyst Paul Mueller tells us that Apple needs to watch its back.

"I've talked to a lot of people who have seen prototypes of the Samsung Galaxy Note 4 and they say it's an absolutely groundbreaking device," Mueller notes. "It has a metal build, a flexible screen, and the resolution is absolutely stunning. The screen gets far brighter than it does on the Galaxy Note 3," Mueller continues. This sounds exciting since the Galaxy Note 3 is already a perfect device.

It's definitely going to be a battle of the smartphones between Apple and Samsung this fall. However, no matter which company comes out on top, the consumer will be the ultimate winner.