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July 29, 2022

Apple's profit slips, but tops projections

BERKELEY, Calif. (AP) — Apple's profit slipped during the past quarter, but the world's largest technology company fared better than many of its peers.

Despite manufacturing headaches and inflation pressures that have vexed a wide range of businesses, Apple profit declined by 10% while revenue edged up 2%. But both figures were better than analysts projected.


 
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