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Video: Video: Apple Revenue Lags Street Forecasts

Video: Apple Revenue Lags Street Forecasts

Clip Syndicate

Apple Inc posted a worse-than-expected 6 percent rise in quarterly revenue on Tuesday, after selling 35.2 million iPhones into an increasingly competitive smartphone market. The company, which derives the majority of its business from its high-end mobile device, reported sales of $37.4 billion in its fiscal third quarter ended June, falling short of Wall Street's expectation for about $38 billion.

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