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Apple quarterly sales up 6%, led by expansion in China

Wednesday 23 July 2014 | 08:25 CET | News
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Apple reported a small increase in revenues for its fiscal third quarter to June, to USD 37.4 billion from USD 35.3 billion a year earlier, in line with its earlier guidance. The growth was driven by expanded distribution in China, where revenues rose 28 percent year-on-year to USD 5.3 billion. Net profit rose to USD 7.7 billion or USD 1.28 per share from USD 6.9 billion or USD 1.07 per share in the year-ago quarter. The gross margin was better than expected, at 39.4 percent versus 36.9 a year ago. iPhone sales were up 13 percent from a year ago but 19 percent lower than the previous quarter

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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