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Published April 23, 2012, 05:56 PM

Apple's squeeze hits phone companies, competitors

NEW YORK — Apple is set to report another record quarterly profit on Tuesday, continuing the relentless string of results that's made it the world's most valuable company. Those profits don't come out of thin air: A range of businesses — from the company's wireless carrier friends to its PC-making foes — are seeing their profits melt away and flow to Apple's bottom line.

By: Associated Press, INFORUM

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