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Apple (AAPL) Margins Rise and iPhone Shipments Soar in China Ahead of Price Hikes

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The Story

News Summary

  • Apple's CFO reports a 47.2% gross margin improvement from better memory pricing, while iPhone shipments surged 131% in China though market share declined to 13%.
  • Analysts expect rising consumer demand ahead of price hikes on the new iPhone.
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AAPL price history

334.01 +20.92% over the displayed period

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