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flag Apple reported a record 46.9% gross margin, driven by growth in its services business.

flag Apple reported a record gross margin of 46.9% for the latest quarter, surpassing its previous record of 46.6%. flag This success was largely driven by its services business, which saw a 4% increase in revenue to $26.34 billion. flag Despite a decline in iPhone sales, Apple's focus on services has significantly contributed to its financial health and stock value. flag The company expects its gross margin to stay between 46.5% and 47.5% in the coming quarter.

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