In this Wednesday, Sept. 7, 2016, file photo, Apple CEO Tim Cook announces the new iPhone 7 during an event to announce new products, in San Francisco. Apple reported Tuesday, Oct. 25, 2016, that it sold 45.5 million iPhones in the previous quarter, 5 percent fewer than it sold a year earlier. But the giant tech company's rosy forecast for the holidays was better than what Wall Street had been expecting. (AP Photo/Marcio Jose Sanchez, File) **FILE**
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