Apple reported earnings yesterday. My main takeaways:

1.4 billion installed devices (continues to grow)900 million installed iPhones (up from 825 million a year ago, and this number grew in all five major geographic territories)Services business is very profitable: Apple disclosed the segment's gross margin for the first time: 62.8% (up from 58.3% a year ago)Buybacks: “only” $8.2 billion



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