Revenue of Apple, one of the technology giants in the United States, increased by 6% annually in the July-September period. The company’s revenue rose by 6% annually to $94.9 billion. Apple had generated approximately $89.5 billion in revenue in the same period last year. Apple’s revenue exceeded market expectations. However, the company’s net profit decreased by 35.8% to $14.7 billion in the same period. Last year, the company had announced a profit of $22.9 billion in the same period. Apple’s earnings per share also dropped from $1.47 to 97 cents in this period. The drop in Apple’s profit was influenced by the European court decision that forced the company to pay more than $14 billion in taxes to Ireland. During the same period, there was an increase in iPhone, Mac, and iPad sales for Apple. iPhone sales increased by 5.5% annually to $46.2 billion in the July-September period. iPad sales increased by 7.9% to $6.9 billion, and Mac sales increased by 1.7% to $7.7 billion.
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