Apple has won the coveted Forbes Magazine Winner of the Week.

Forbes – one of the world's top business magazines – lauded Apple's second-quarter profit of $43 million, saying "the company seems to have righted itself one more time".

Apple beat analyst expectation to achieve the profit, despite disappointing sales of the G4 Cube. Forbes also praised the company's release last week of its latest iBook.

Apple's stock closed last night at $25.75 per share, doubling in value from its 52-week low of $13.625 in December last year.