Apple Has iPhone Expansion Plans

Apple (AAPL Quote) collected favorable reviews from analysts and investors Wednesday after the company delivered strong iPhone and Mac sales in the June quarter.

Analysts pointed to Apple's iPhone sales momentum and the surprisingly wider profit margins as positive signs that the company is delivering hot products that defy a cold economy. Apple shares were up 4% Wednesday in the wake of Tuesday's earnings report. "Apple continues to buck the trend," UBS analyst Maynard Um wrote in a research note Wednesday, referring to the company's ability to

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- Posted: 2009-07-22 10:11:32

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