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Apple reports record $18.4 billion profit as iPhone sales slow Apple just reported the largest quarterly profit of any public company in history, again. With profits of $18.4 billion for its first fiscal quarter of 2016, Apple beat the record it set last year by $400 million. Apple’s profits largely hinge on iPhone sales. The company sold 74.8 million iPhones during the quarter, fewer than analysts expected — predictions had ranged […]
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