AAPL released its 1st quarter earnings after the market closed on Monday, and WOW: homerun earnings announcement. With a 33% increase in profit from last quarter and massive increase in sales of the iPhone combined with revenue from Chinese sales, AAPL reported the best quarter in the company’s history. AAPL also announced that it will buyback close to 200 billion and increased its dividend. The only negative to the report was the iPad which has been lagging of late. Shares are up 1.5% after hours.

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