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Instant Reaction: Apple Delivers Upbeat Forecast
Apple delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins.
Revenue will rise 13% to 16% in the second quarter, which runs through March, the company said Thursday during a conference call with analysts. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter.
For instant reaction and analysis, Bloomberg Businessweek Daily cohosts Carol and Tim speak with…
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