Apple shines in Q1 on iPhone, Mac sales
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Apple's fiscal first-quarter results wowed analysts as the company reported a 32% gain in revenue and 50% in profit from a year earlier as iPhone shipments more than doubled and Mac computer sales increased 33%. Executives cited gains in Europe and emerging markets as key factors in selling 8.7 million iPhones during the quarter. "What this demonstrates is the strength of Apple's brand in good and bad times," said Bill Kreher, an analyst with Edward Jones. Sales of iPods declined 8% while iPod Touch shipments jumped 55%. The company said little about tomorrow's expected debut of its tablet. 
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