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Apple revenues up but net profits down in fourth quarter

Posted on October 28, 2013 by

Apple announced financial results for its fourth quarter (ended September 28) on Monday. Quarterly revenues were up 4 percent to $37.5 billion (compared to $36 billion in last year’s last quarter), but net profits fell 8 percent, from $8.2 billion last year to $7.5 billion this year. Gross margins also […]

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