Apple Is $50 Billion Away From Becoming The World’s Most Valuable Company

After a record setting quarter that shattered Wall Street estimates, Apple is in a position to become the most valuable company in the world. The company announced on Tuesday that it sold 20.34 million iPhones and 9.25 million iPads in the second quarter of 2011, up by 142% and 183% respectively. That translated to a quarterly record revenue of $28.57 billion and a record net profit of $7.31 billion.  

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