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Apple posts revenue increase, net profit decline in Q3

2013-07-23 23:09:00| Telecompaper Headlines

(Telecompaper) Apple posted third quarter 2013 revenue of USD 35.3 billion, a slight year-over-year increase from USD 35 billion. Quarterly net profit declined to USD 6.9 billion or USD 7.47 per diluted share, from net profit of USD 8.8 billion or USD 9.32 per diluted share. Gross margin was 36.9 percent, down from 42.8 percent. International sales accounted for 57 percent of the quarter's revenue.

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