Apple delivers strong quarter with upbeat outlook
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Apple Inc. reported a strong fiscal Q2, surpassing expectations with steady iPhone demand. The company forecasts 14% to 17% revenue growth for the next quarter, exceeding market predictions. Gross margins are projected at 47.5% to 48.5%, despite rising memory costs. Analysts note that demand for iPhones and Macs remains robust, partly due to AI-related usage. Apple's scale is effectively managing supply and costs, setting it apart from competitors.
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