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Apple profit tops Wall Street targets, weaker iPhone balanced by strong services

Apple on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal third quarter. Apple shares dropped about 2% after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors.
San Francisco United States Stephen Nellis Tim Cook Jeremy Goldman Peter Henderson
Source: aol.com

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