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Apple posts monster earnings with $88.3 billion in revenue; iPhone sales fall short

Apple today posted its earnings report for the recent holiday quarter and the numbers, as expected, are beyond impressive. For the quarter gone by, Apple posted revenue of $88.3 billion and EPS of $3.89. By way of comparison, Apple during the same quarter a year-ago posted revenue of $78.4 billion, a quarterly profit of $17.89 billion and EPS of $3.36. Notably, Apple's revenue for the recent quarter was high enough to set a new quarterly record for the company.
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