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Apple profit down 22% at $6.9 bn but tops forecasts


Apple delivered better-than-expected earnings of $6.9 billion in the quarter just ended, the tech giant said Tuesday, boosting the share price of the maker of the iPhone and iPad.

The California tech giant reported revenues of $35.3 billion in the quarter ending June 30, helped by sales of 31.2 million iPhones, a record for the June quarter, and 14.6 million iPads. Apple shares rose four percent in after-hours trade.