Quite obviously, for more than a decade, the observations have fallen near or below the lower end of the IPCC projected range.

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The company expects profits for the quarter of 8-11 cents on a GAAP basis, with non-GAAP profits at the lower end of the previously projected range of 25-28 cents.

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While Apple has a long history of low-balling guidance, CEO Tim Cook on the post-report conference call appeared to be telling the Street that Apple really means what it said this time, and that the projected revenue range for FY Q2 is really what the company thinks it will post.

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