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The iPhone will become 'even more essential' with augmented reality, says Tim Cook

Speaking with CNBC after Apple's earnings report on Tuesday, Apple CEO Tim Cook said that augmented reality is going to make smartphones even more important to users.

"The smart phone is becoming even more important to people because it's going across so much of your life and you can tell by some of the things we did at WWDC that that will only continue," Cook told CNBC's Josh Lipton...