Apple profit falls but beats expectations

Apple profit falls but beats expectations

Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced a massive $110 billion share buyback.

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The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year.

Shares were up nearly 6 percent to $183 in after-market trades.

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© Agence France-Presse

Source: AFP

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