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Wednesday, 27 July 2016

Apple iPhone sales fall but shares jump after better earnings than expected

Tim Cook said he plans to invest in augmented reality following success of Pokémon Go
Apple, the world’s most valuable publicly traded company, has managed to make the best out of a bad situation.
Shares in Apple rose 7 per cent, breaking through the $100 mark, in spite of consecutive quarters of declining revenue and fallingiPhone sales. The decline followed a continuous period of uninterrupted growth since 2003 or 51 consecutive quarters of growth.

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