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Apple profits drop again but iPhone sales rise

The Guardian - Charles Arthur

Apple's profits fell for the second successive quarter on Tuesday – down by 22% – but the company managed to beat analysts' estimates, recording a 20% rise in the number of iPhones sold to 31.2m. Revenues were flat at $35.3bn (£23bn) and net income down to $6.9bn. Chief executive Tim Cook immediately …

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