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Here’s how Wall Street reacted to Apple’s Q1 earnings

Apple's fiscal first-quarter earnings report was the very definition of a mixed bag. On one hand, the company managed to rake in record revenue totaling $88.3 billion. Apple also confirmed that its new flagship iPhone X has been the best-selling iPhone model each week since its release in November. In fact, the phone has been such a success that Apple managed to increase total iPhone revenue compared to the year-ago quarter despite selling 1 million fewer units.
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