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Apple shocks Wall Street with record quarter, sells 37 million iPhones

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Apple stunned Wall Street once again, far exceeding already-high expectations and reporting revenue of $46 billion for the December quarter, and profits of $13 billion. Leading the way was Apple's sales of 37 million iPhones. Sales of the iPad also exceeded expectations, with Apple selling 15.5 million. You can read more in the New York Times. Apple now has nearly $100 billion in cash reserves.

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