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iPhone Sales Meet Wall Street Expectations

Demand remains strong for the company’s most-important product

Apple Inc. sold 52.2 million iPhones in the fiscal second quarter, in line with analysts’ expectations, showing demand remains strong for the company’s most-important product. The Cupertino, California-based company also reported profit and revenue that beat Wall Street estimates and projected continued sales momentum for the third quarter, saying revenue will be $51.5 billion to $53.5 billion.

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