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Apple rakes it in, fesses to iPhone shortage

By Matthew
Jul 22, 2009
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  1. Apple posted its handsome quarterly earnings yesterday. They reported a gross margin of 36.3% (up from 34.8% in the year ago quarter), a revenue growth of almost 12% year over year to $8.34 billion, and a rise in quarterly profits to $1.23 billion ($1.35 per share).

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