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Stellar Apple results point to a good year ahead

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Apple Inc shares surged the most in more than three years, after skyrocketing iPhone and iPad sales helped it smash Wall Street expectations, prompting analysts to raise their price targets on the stock by as much as $100.
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iCloud Integration

iCloud Boasts of 85 Million Users

Only about three months after Apple launched its iCloud service, it already boasts of over 85 million users, the company's Senior Vice President and Chief Financial Officer Peter Oppenheimer said during the Q1 2012 financial earning calls on Tuesday.
Matthew Kelly from Swansea reacts as he emerges from the Apple store with new iPhone 4S, in Covent Garden, London

Apple Earnings Thrill Street: 73 Pct Sales Growth, Profit More Than Doubles

The magic of Steve Jobs may be absent in his successor Tim Cook but Cook's leadership is working well in Apple. On Tuesday, the tech giant has announced that its net profit has more than doubled to $13.06 billion in the fiscal first quarter. The Holiday sale of 37 million units of iPhone and 15.4 million units of iPad sale were seen as the biggest contribution towards the outstanding profit in the holiday quarter. No wonder, iPhone and iPad account for 72% of Apple's total revenue.
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Apple's revenue surges, blows away targets

Apple Inc's quarterly results blew past Wall Street's expectations as U.S. consumers snapped up near-record numbers of iPhones and iPads, sending its shares up 8 percent.
Verizon president McAdam talks on stage with Verizon CEO Seidenberg and Consumer Electronics Association President Shapiro on the opening day of the CES in Las Vegas

Verizon Communications Misses Expectations

Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone.
Customers wait at a Verizon Wireless store in Boca Raton, Florida February 10, 2011. REUTERS/Joe Skipper

Verizon Wireless Margins Hurt by iPhone

Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone.

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