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Q1 2013 Earnings prove Apple still doing well

Apple has announced that its first quarter earnings is at a record $54.5 billion in revenue, compared to $46.33 billion same time last year. The Cupertino tech giant has shipped more than 47 million iPhones in Q1 of 2013, a figure that is both astonishing and ironic, since Apple’s stock price is on a decline. The number of handsets sold is also a record high for the company, amidst the rumors that consumers are slowly losing interest. Apple’s flagship product is facing intense competition from other manufacturers, but from what these earnings report suggests, the iPhone is still ahead of the game.