Apple Beats the Street With Strong iPhone Sales, Despite Sagging iPad

Apple CEO Tim Cook with the iPad Air 2 Photograph by Noah Berger/Bloomberg

Apple crushed its quarterly earnings reports on Monday, posting $42.1 billion in sales and a net profit of $8.5 billion, or $1.42 per share. That beat analysts’ already optimistic estimates and sent the company’s stock ticking upward a percentage point in after-hours trading.

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