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Barchart
Amit Singh

Why Apple’s iPhone Boom Isn’t Enough to Buy the Stock Yet

Apple (AAPL) just delivered one of its strongest iPhone quarters ever, but that alone isn’t enough to trigger a buy on AAPL stock right now.

The company posted exceptionally strong financial results for the December quarter, with revenue rising 16% year-over-year to $143.8 billion, well above expectations. The star of the report was the iPhone, which generated a record $85.3 billion in revenue. That represents 23% year-over-year growth, with strong demand across every geographic region.

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