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Wall Street analysts said Apple delivered where it mattered. The company reported better-than-expected first-quarter earnings on Tuesday afternoon, led by strong iPhone sales that made analysts feel even more optimistic about the upcoming 5G cycle.
The stock looks set to continue its record run, gaining 1.4% on Wednesday morning.
It wasn't just iPhones, though. It was also Apple's wearables business, including AirPods, that helped drive one of the biggest quarterly profits in history, analysts said. The company also acknowledged the uncertainty around the impact of the deadly coronavirus in China, saying it was taking steps to reduce the impact and setting a wider guidance range.
Here's what else analysts are saying about Apple's first-quarter earnings report: