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iPhone sales get one-time windfall from Samsung Note 7 woes
During Apple’s earnings report last night, CEO Tim Cook did not mention why Apple squeaked by with 3 percent revenue growth. Almost every product category he spoke about was predicated with the words “record setting.” But a closer look reveals, Cook’s praise might be overstated, and Apple’s quest to produce another iPhone-scale new product to reignite growth continues.Radio Free Mobile’s Richard Windsor explained in an early-morning report from London what Cook did not. iPhone shipments at higher prices were driven by the defection of Samsung Galaxy Note customers due to the recall of the Note 7.To read this article in full or to leave a comment, please click here