Apple contradicts all financial analysis
Apple contradicts all financial analysis - profit and sales growth than expected
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Apple shatter all expectations of financial analysts, the latest published figures showing that sales of company profits increased by 82% in the previous quarter.
Apple reported revenue of 7.79 dollars per share, well above analysts' estimates which gave, probably, a price of 5.85 dollars. Revenues of $ 28.6 billion far exceeded the $ 25 billion industry approximated by analysts.
Cupertino-based company has sold between April and June a total of 20.3 million iPhones, up from 8.3 million in the same period last year. Apple also sold 9.25 million of the iPhone, versus 3.3 million in 2010. Company profits rose 125% to $ 7.31 billion, with sales increasing by 82% to $ 28.5 billion.
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