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APPLE POSTS BIG QUARTER ON FAST SALES START FOR iPHONE 12

Apple’s delayed launch of its latest iPhones unleashed a holiday buying frenzy that propelled sales of the trendsetting company’s most popular product to its fastest start in years.

The apparently pent-up demand for four different iPhone 12 models highlighted Apple’s latest quarterly report Wednesday.

Apple’s iPhone sales during the October-December period totaled $65.6 billion, a 17% increase from the same time in the previous year.

Part of the gain reflected pandemic-driven production problems

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