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Apple shares soared 6.8% after the company’s results beat expectations

Apple shares soared 6.8% in extended trading after the company’s results beat expectations, soothing fears that iPhone demand had hit a wall. Apple (NASDAQ:AAPL) shipped 40.4M iPhones, 10M iPads and 4.3M Macs in the third fiscal quarter and gave strong guidance for FQ4 with revenue expectations ranging from $45.5B-$47.5B. Tim Cook also expects services to be “the size of a Fortune 100 company by next year,” with major growth in the App Store, Apple Music and the iCloud