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Apple's earnings double

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Apple CEO Tim Cook cited a "growing sense of optimism for consumers in the United States and around the world" for strong quarterly results.

The company posted quarterly net income of $21.7 billion, nearly doubling profits of $11.2 billion a year ago.

Apple reported record revenue of $81.4 billion, up 36% from $59.6 billion in the same quarter last year.

Read more from Fox Business.

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