- Reuters, Wednesday, July 24, 2013 9:49 AM
Beating analysts’ expectations, domestic iPhone sales jumped an impressive 51% in the third quarter, Apple reported on Tuesday
. “The iPhone's solid showing eased concerns that growing competition is hurting demand for Apple's top-selling product,” Reuters reports. For the
quarter, profit still fell 22% as gross margins fell below 37% from more than 42% a year ago.
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