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Apple demolishes earnings expectations, but stock falls after iPhone chip supply warning

July 28, 2021 : Permanent Link

(CNBC) Apple reported strong fiscal third-quarter earnings on Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.  Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.  

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