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The Worm in Apple's Earnings

|Includes: Apple Inc. (AAPL), GOOG
So Apple reports blow-out earnings and the market rewards the stock with a 3% bump. There was one little hiccup in the report, however: iPhone sales missed analyst estimates by about 5%. For a company that is notorious for under-promising and over-performing this is a big deal. Yes, iPhone sales were up 100% over the prior year's number BUT I think it's no coincidence that sales missed estimates in the same quarter that Android grew its market share by 200%.

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