Apple iPhone sales trample expectations as profit sets global record

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Apple Inc. CEO Tim Cook (3rd R) reacts next to China Mobile's Chairman Xi Guohua (L) at an event celebrating the launch of Apple's iPhone on China Mobile's network at a China Mobile shop in Beijing in this January 17, 2014 file photo. Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.