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Apple crushes the competition

Associated Press
Japanese Ryota Musha, 41, right, and Hisanori Kogure, 31, show off new iPad tablet computers they purchased, in Tokyo Friday, March 16, 2012. Sales of the third version of Apple's iPad began Friday morning in Japan. (AP Photo/Koji Sasahara)

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Apple said it had raked in a profit of $11.6 billion in the first three months of the year driven by record sales of nearly 35 million iPhones and iPad tablet computers.

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