Apple's quarterly profit nearly doubled thanks in part to
strong sales of its iPhones and iPads. MarketWatch's Dan Gallagher talks about
the results and potential market reaction.
Apple Inc.'s AAPL -2.00% quarterly profit nearly doubled as
iPhones and iPads continued to fly off shelves, putting to rest recent worries
that the company can't maintain its momentum.
Shares gained more than 7%, or $40.55, to $600.83 in after-hours trading
Tuesday—after falling in 10 of the past 11 regular trading sessions amid
concerns about a potential iPhone slowdown. Instead, iPhone shipments jumped
88% in the quarter, as Apple continued to penetrate new markets like China...
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