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Apple reported its second quarter earnings after market close today and the numbers crushed expectations. The 90% increase in earnings is attributed to very strong iPhone sales and increased sales in practically all other products.

I wont get into the numbers, you can use the link below for that. For those of you that do not follow the markets or earnings, this report does not include iPad sales. The iPad has brought fuel to the Apple fire and future quarters will also likely beat expectations.

On release day of the iPad Apple shares were priced around $204. After hours today it was as high as $265.

Source: Yahoo!

user Posted by John "Mike" Wright

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