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Apple gross margin on services rises to a new record high

Apple gross margin on services rises to a new record highApple posted its quarterly earnings last night, with generally strong performance. One standout point was the company’s ability to continue to expand its gross margin on the ever-growing services division. In fact, Apple recorded a new all-time high for gross margin on services this quarter, at 75.7%. That figure is based on costs of $6.46 billion on sales of $26.64 billion. more…...