Apple reports huge earnings behind strong iPhone sales
Tech giant Apple on Monday reported $58 billion in revenue and a $13.6 billion profit for the second quarter of the year, easily beating Wall Street's projections. The staggering three-month profit was a 33 percent increase from the same quarter one year ago, when Apple netted $10.2 billion. Surging iPhone sales contributed to much of the growth. Apple sold 61.2 million smartphones for the quarter, far more than the 43.7 million iPhones it sold during the same period last year.
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