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Apple's quarterly growth hits five-year high
Apple announced its strongest quarterly growth in five years, continuing to keep iPhone prices unchanged despite rising costs for other devices like iPads and MacBooks due to shortages of memory and storage chips. This strategy led to a 3% increase in iPhone shipments and brought its market share closer to a fifth of the market, helping the company reclaim its title as the world's most valuable company, with a market capitalization exceeding $5 trillion. It is expected that Apple will raise its prices later in the year, especially with the release of the new iPhones in September.
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