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Apple has huge fourth quarter, reports profit up 13% to $8.5 billion
Apple has huge fourth quarter, reports profit up 13% to $8.5 billion

Apple Inc. had a standout fourth quarter, thanks largely to strong iPhone sales. The Cupertino, Calif., company reported that profit rose 13.3% to $8.5 billion, or $1.42 a share, for the three months that ended Sept. 27. Revenue was up 12.3% to $42.1 billion. Analysts polled by Yahoo Finance had expected earnings of $1.31 a share on revenue of $39.85 billion. Chief Executive Tim Cook said in a statement that Apple's fiscal 2014 was “one for the record books.” The company sold 39.3 million iPhones during the quarter, a 16% year-over-year increase. Mac sales also did well, rising 21% to 5.5 million computers sold – that’s particularly impressive given the...

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