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Apple sales rise 5%, topping estimates as iPad and Services revenues jump

  • Apple reported a 5% increase in sales, topping estimates, with iPad revenue rising 24% to $7.16 billion amid a backdrop of iPhone sales totaling $39.3 billion.
  • A significant portion of buyers for the Apple Watch and iPad were first-time owners, indicating potential for continued market growth.
  • Apple's Services segment achieved record revenue of $24.21 billion, rising 14% year-over-year, despite a slight decline in iPhone sales.
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