Some investors had feared intensifying competition from Google Inc’s Android phones - made by the likes of Motorola Mobility and Samsung Electronics - might pressure margins and eat into its market share. Margins blew past forecasts - helped by lower-than-expected commodity costs - while a five-fold iPhone sales surge in China, Taiwan and Hong Kong bolstered revenue in the region to $7.9 billion. While iPad sales were a little lighter than expected, the overall results sent the stock up 7 percent, recouping some losses from the past two weeks that had stemmed from concerns about weakening sales growth for iPhones.Īpple sold 35.1 million iPhones - which accounts for about half its revenue - in the March quarter, outpacing the 30 million or so expected by Wall Street analysts. The company's logo is seen on the Apple store in Washington October 6, 2011.REUTERS/Yuri Gripas
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