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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.