Apple Posts Q2 Profits



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[small fact point] They brought in 1.3 Bln. in revenue in China, not profit.

A real surprise was 41% gross margins - they waiver between 25% and 32% usually, so those phones really brought up the numbers. Also, they have 600,000 members of One-to-One - who buys that? And because they sold more overseas they had an effective tax rate of 24% in the quarter (where they generally pay fewer taxes).

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