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Apple Beats Sales Estimates; Shares Rise

  • Revenue grows the most since 2015; sales of wearables jump
  • IPhone sales meet projections; Apple sees more revenue gains
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Apple's Services Revenue Drives Solid 2Q Earnings
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Apple Inc. reported revenue and profit that beat analysts’ estimates and projected continued sales momentum, calming concern about demand for the iPhone, its most-important product.

The Cupertino, California-based company also raised its dividend, unveiled a new $100 billion share buyback and said services sales jumped 31 percent.