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Apple’s Rising Profits ‘Stand in Stark Relief’ to Global Economic Pain

By Amir Efrati
· · Source: The Information

Apple’s sales and profit grew by double digits in the second quarter of the calendar year—the first full quarter of the Covid-19 pandemic—despite some closures of its retail stores during that period. Its shares rose more than 5% in after-hours trading from results that, along with strong results from Amazon and Facebook, cemented the business theme of 2020: For the most part, the strong are...

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