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Apple beats Street estimates; 16M iPhones, 7M iPads sold in Q1

January 18th, 2011 link to (permalink)

This just in: Apple's financials for the first fiscal quarter ending December 31, 2010 are in, and Apple easily beat the Street. Revenue for the first quarter rose to $26.7 billion, with earnings per share at $6.43. Apple's gross margin, which is always quite high, was at 38.5%.

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