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Apple on Thursday reported that sales fell for the fourth consecutive quarter when compared to the prior year, but profit rose on the back iPhones and services.
The company brought in $43.8 billion from iPhone sales while its services unit selling products such as Apple Music and iCloud brought in $22.3 billion, up 16 percent from a year ago. Smartphone sales fell 8 percent, marking the ninth consecutive quarter of decline in year-over-year comparisons, according to research by Counterpoint’s Market Pulse service.
“We’re working very hard to get the product in the hands of all the customers that have ordered it,” said Apple CFO Luca Maestri. “We have great confidence in our Mac lineup and are excited about the recently announced iMac and MacBook Pro, powered by our M3 chips,” Maestri said. “Underneath that if you look at the different the categories, iPhone actually set a September quarter record in mainland China,” he said.
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