Briefing

Apple’s September Quarter Profit Grew by Less than 1%

By
Wayne Ma
· · Source: The Information

Apple’s September quarter net profit grew by less than 1% on year to $20.7 billion, as sharply higher operating expenses had an impact on the iPhone maker. Apple’s revenue grew 8% in the September quarter, Apple’s fourth fiscal quarter, as 10% growth in iPhone sales offset a sharp slowdown in the services segment. Services revenue—which includes the App Store and Apple’s subscription...

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