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Apple's (AAPL) 'Growth in Service Revenue Is Phenomenal,' Mark Asset Management's Mark Says

NEW YORK (TheStreet) --Apple (AAPL) reported better-than-expected fiscal 2016 fourth-quarter earnings results after the market close on Tuesday. In light of the results, Mark Asset Management founder Morris Mark says that the tech titan falls directly in line with his philosophy of investing.

Apple posted earnings of $1.67 per share, topping analysts' expectations of $1.66 per share. Revenue came in at $46.9 billion, in line with Wall Street's projections. However, Apple's revenue declined for...