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Apple quarterly revenue growth slows to 1% as iPhone, China sales fall

2020-10-30 08:49:00| Telecompaper Headlines

(Telecompaper) Apple reported revenues of USD 64.7 billion for its fiscal fourth quarter to September, up just 1 percent from a year earlier. Growth came from Mac computers and services, offsetting a drop in iPhone sales ahead of the release of new products in October. The company's net profit fell to USD 12.7 billion from USD 13.7 billion on an increase in R&D and other operating costs. 

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