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Wednesday, January 28, 2015

Apple reports largest net income for its fiscal first quarter.

Apple +7.3% premarket after reporting the largest net income of any public company in history and beating even the most bullish Wall Street forecasts. The tech giant posted profit of $18B for its fiscal first quarter, up 38% from $13.1B a year earlier, and sold 74.5M iPhones during the quarter. CEO Tim Cook also announced that the company will begin shipping the Apple (NASDAQ:AAPL) Watch sometime in April.

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