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Answer» From Yahoo.
San Francisco (AFP) - Apple on Monday reported that it raked in billions of dollars as iPhone sales SOARED to new highs, but that costs of MAKING its coveted devices was squeezing profit.
Apple said that it made a profit of $7.5 billion as iPhone sales sizzled in its recently-ended fourth fiscal quarter.
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MORE...There stock is stilling doing good, 532 down 3 points, have to wait until they post their earnings. I heard on the news a couple a months ago that apple is suppose to profit millions from new service PLANS and SALE, opening up in China. The Chinese just started being able to use i phone over there. Wait until they come out with their new TV, that could help there business a lot. No question Apple has great products. And they are good at marketing. But even both of those are t not always enough.
You make a point about China. Take a look at this:
http://www.nasdaq.com/article/heres-why-apple-could-have-3-new-iphones-this-year-and-win-in-china-cm316851
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