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"NFC [near field communications] just adds a new layer for the consumer and merchant on top of a broken system." -- Square COO Keith Rabois at Fortune Brainstorm Tech
* Apple surpassed analyst expectations yet again for the company's third fiscal quarter: profits soared 124.7% to $7.3 billion on sales of $25.6 billion. Also announced by CFO Peter Oppenheimer during the call: the latest major software upgrade to the Mac operating system, OSX Lion, should be available today for download. Update: Apple's Web site has been updated with new MacBook Air models pre-loaded with Lion, too. (Fortune)
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