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Apple's Blowout iPhone Quarter: What Wall Street's Saying

Wednesday 28 January 2015 @ 3:44 pm

NEW YORK (TheStreet) — Apple’s shares were surging after it reported a blowout quarter for iPhone sales, exceeding Wall Street’s top expectations. The Cupertino, Calif.-based company on Tuesday posted net income of $18 billion, or adjusted earnings per share of $3.06 that topped analysts’ estimates of $2.59. Revenue for Apple’s first quarter of fiscal 2015 was $74.6 billion, which strongly …

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