Shares of Apple Inc. (AAPL
On Friday, Apple launched both its iPhone 5s and its iPhone 5c. Over the weekend, the company sold 9 million iPhones, while some analysts expected to only see around 5 million iPhones sold.
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Apple CFO Peter Oppenheimer reported that he now expects to see revenue on the higher end of the previously estimated range of $34 billion to $37 billion. Analysts expect to see revenue of $36.11 billion.
Margins are expected to be between 36% and 37%.
Apple shares were up $29.14, or 6.23%, during pre-market trading Monday. The stock is down 12% YTD.
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