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Apple profit for year slips while iPhone sales soar

Last Updated: Tuesday, October 29, 2013, 09:44

Apple on Monday reported that it raked in billions of dollars as iPhone sales soared to new highs, but that costs of making its coveted devices was squeezing profit.

Apple profit falls for first time in nearly a decade

Last Updated: Wednesday, April 24, 2013, 08:59

Apple also announced that its board of directors has endorsed a plan to more than double to USD 100 billion the amount of its stock it will buy back in the coming three years.