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Apple soars past sales, profit targets with strong iPhone demand

By Stephen Nellis

Apr 29 2021 1:01PM

Warns of chip shortages.

Apple soars past sales, profit targets with strong iPhone demand

Apple posted sales and profits ahead of Wall Street expectations fueled by 5G iPhone upgrades but warned a global chip shortage could dent iPads and Mac sales by several billion dollars. Fiscal second-quarter sales to China nearly doubled and results topped analyst targets in every category, ...

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