Apple defeats Wall Street expectations, sells 35 million iPhones in second quarter

Star Tribune Tuesday 24th April, 2012

NEW YORK - Apple Inc., the world's most valuable company, trumped skeptics once again by reporting blowout iPhone sales. Apple says it sold 35 million iPhones in the January-to-March quarter, almost twice as many as it sold a year ago and above analyst expectations. Apple's stock was down 2 percent at the close of regular trading, as investors believed phone companies had reined in iPhone sales. In extended trading, the stock rallied $38.34, o...

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