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Apple posts record sales in Q1 on iPhone, iPad

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  • Published On: January 19, 2011
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Ashok Kumar, MD of Rodman & Renshaw, says it was a blowout quarter for Apple as both revenues and earnings far exceeded the guidance and expectations. Apple’s major product line including iPad, iphone and Mac exceeded the guidance and forecast. Looking ahead to the next quarter, Apple expects revenue of about $22 billion.
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