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Apple profit stable in 2018’s last quarter even as iPhone sales dip

Jan 30, 2019 13:18 IST
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Apple said on Tuesday that profits held steady in the most recent quarter, with revenue growth in music, movies, apps and other services offsetting slumping iPhone sales, sparking a rally in shares of the California tech giant.

Profit in the final quarter of last year was $20 billion -- a dip of less than 1% -- on revenue of $84.3 billion, even as money from iPhone sales was down 15% from the same period in 2017.