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Apple Posts Record Profits After Surging iPhone Sales

Apple reported today that it sold 74.5 million iPhones in its holiday quarter, besting analyst predictions of 69 million in sales, and pushing profits to a record $18 billion.

One of the factors driving the growth was increased sales in China– Apple reported that revenue in China was up 70 percent from the same period a year ago, to $16.1 billion.

CNN business reporter Maggie Lake joins Here & Now’s Jeremy Hobson with details.

Guest

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