Apple optimistic on sales as iPhone price cuts help in China

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Apple optimistic on sales as iPhone price cuts help in China

Forecasts stronger-than-expected third-quarter revenue.

Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple's price cuts there are helping limit sales declines. IPhone sales marked their steepest decline ever, falling 17 percent ...

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