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Apple revenue beats Street view, doubles capital return

Source : REUTERS
Last Updated: Tue, Apr 23, 2013 20:54 hrs

SAN FRANCISCO (Reuters) - Apple Inc reported better-than-expected second quarter revenue of $43.6 billion, reflecting strong sales of the iPad and iPhone.

Wall Street's average forecast for Apple's revenue was $42.3 billion, according to Thomson Reuters I/B/E/S.

The company also announced an expanded cash return program for shareholders.

(Reporting By Poornima Gupta; Editing by Bernard Orr)

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