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Apple quarterly profit slides 27% to $7.8 billion

Apple said Tuesday its quarterly profit slumped 27 percent from a year ago to $7.8 billion on a sharp drop in iPhone sales.



California: Apple said Tuesday its quarterly profit slumped 27 percent from a year ago to $7.8 billion on a sharp drop in iPhone sales.

Chief executive Tim Cook said the results showed "stronger customer demand and business performance than we anticipated at the start of the quarter," as he released the results for the quarter ended June 25.

From Zee News

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