Apple’s margins, China sales take shine off quarterly result

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    Anonymous

    Technology News

    An iPhone 5 is pictured on display at an Apple Store in Pasadena, California July 22, 2013. REUTERS/Mario AnzuoniBy Poornima Gupta and Edwin Chan SAN FRANCISCO (Reuters) – Investors breathed more easily after Apple Inc turned in a quarterly report card with a pleasant iPhone sales surprise. But the resultant share-price rally may prove short-lived as Wall Street frets about sliding margins and puzzles over a dramatic revenue drop-off in its No. 2 market of China. Without releasing a new product, Apple sold 31.2 million units of the iPhone – its most important device in the fiscal third quarter – or about 20 percent more than analysts had envisioned. …


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