Apple crushes earnings as focus shifts to the new iPhone

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Apple reported better-than-expected earnings this week, and the stock responded in a positive fashion. All eyes are on the launch of the newly-redesigned iPhone, and guidance provided by the company suggested that it will be released at the end of September. That helped push the stock to a new record high, and now discussions are now occurring over whether Apple can achieve a market cap of $US1 trillion.

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