Apple crushes the competition

Associated Press
One of the first shoppers at Apple's flagshop store shows off his new iPad, in New York, Friday, March 16, 2012. Apple's latest iPad drew die-hard fans to stores in the U.S. and nine other countries Friday, many of whom lined up for hours to be among the first to buy one. (AP Photo/Richard Drew)

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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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