US- Apple profit falls to USD7.5 b

(MENAFN) Apple Inc. said that its net profit in the fourth quarter of the fiscal year fell, but its revenue increased, Xinhuanet reported. The company's profit in the quarter dropped from USD8.2 billion, or USD8.67 a share, down to USD7.5 billion, or USD8.26 a share. The revenue during the quarter increased by USD1.5 billion to USD37.5 billion from USD36 billion in the same period last year. Apple's CEO said: "We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones."