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Apple Inc.

  January 26, 2012

Surging iPhone and iPad demand pushed Apple higher after first-quarter profit more than doubled. Apple also cemented its place as the most valuable tech company, and again moved past Exxon Mobil as the most valuable US firm. Record revenue also quieted concern that the company’s allure may dim in a new era with CEO Tim Cook at the helm. Looking ahead to the second quarter, Apple forecast revenue of about $32.5 billion and profit of $8.50 a share, both well above estimates.

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