Apple reports $8.5 bn profit, revenue jumps to $42.1 bn

October 21, 2014
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Apple sees record demand for new iPhones/AFP
Apple sees record demand for new iPhones/AFP

Apple said Monday its quarterly profit rose 13 percent to $8.5 billion, as revenues jumped to $42.1 billion on strong iPhone sales.

The California tech giant’s stronger-than-expected results were helped by selling more than 39 million iPhones in the quarter ending September 27.

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