5 things we learned from Apple's 3rd quarter earnings

Apple released its third-quarter earnings today, providing our first look at the performance of the Apple Watch and an ongoing glance at the staggering success of the iPhone — essentially the most popular and commercially successful product ever made.

1) Apple is the iPhone company

Apple earned $31 billion (yes, that's a "b") selling iPhones in the quarter — which, due to its place in the life cycle of the profit, is not traditionally that strong a quarter — representing a...

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